The real estate market in Portland, OR continues to be a subject of interest and conversation.
This is, of course, partly due to the wild couple of years it’s just gone through.
With high inflation, a looming (or existing) economic recession upon us, and a big jump in interest rates earlier in the year, it”s no surprise things have slowed considerably…and quickly.
00:53 Inventory – you might be surprised
02:01 New Listings – up or down?
03:31 Pending Sales
04:17 Closed Sales
05:13 Pricing
05:59 Projections for 2022 Remainder
09:00 Why Now is a Good Time to Prep for 2023
Here’s where things stand now, and remember, if you’re buying or selling a home, there is always opportunity in the market, but that opportunity should be weighed against your current position and near and long-term goals. There is rarely – if ever – a universally good or bad time to buy a home.