In an interesting twist that challenges logic, Portland metro home prices are up 2.8% over the past month, while our housing inventory simultaneously jumped by nearly a month’s supply.
Usually home prices soften or drop when supply increases. This counter-intuitive phenomenon highlights the ongoing demand for greater Portland area homes. It also confirms the recovery of real estate values in our region. Oregon housing is back on track.
Thinking of Selling?
With home prices stronger than we’ve seen in years, now is a great time to consider placing your home on the market. Contact Certified Realty using the convenient form below for a FREE consultation about what your property is worth in today’s market.