Portland Prices On The Up and Up and Moving Steadily Forward

The craziness continues in the Portland Real Estate market. The competition is stiff. And paired with a low inventory it makes for an emotional roller coaster for the people of Portland: frustrated buyers and elated sellers. According to the latest report by the Regional Multiple Listing Service, 13,059 homes were listed for sale in the Portland metro region through the end of April 2016 — 286 fewer that the same period last year. Because of the shortage, the median sales price increased 16.2 percent to $350,000 since March. And the time it would take to sell all homes on the market decreased 29.6 percent to just 43 days. New listings (4,082) gained some traction this month, rising 3.4% above the 3,949 new listings offered in April 2015, and 19.7% above the 3,409 new listings offered last month in March offered last month in March.

All information provided by RMLS