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Oregon Housing: Holding Steady

March 11, 2016 By Roy Widing

Willamette Valley, Willamette Valley Real Estate, Oregon Real Estate, Willamette Valley Homes, Oregon Economy, Oregon Housing

Fresh figures were just released on Oregon’s real estate market by the Regional Multiple Listing Service, or RMLS. To put the results in a nautical vernacular, we remain ‘steady as she goes.’

Portland Metro
Let’s begin with greater Portland, where our backlog of home supply is unchanged at 1.8 months.

Willamette Valley, Willamette Valley Real Estate, Oregon Real Estate, Willamette Valley Homes, Oregon Economy, Oregon Housing

This means our housing supply remains well below the oft-suggested ‘normal’ range of 3 to 6 months, especially when compared to years past. When the pipeline of homes is this low, it suggests we remain squarely in a ‘seller’s market.’

Willamette Valley, Willamette Valley Real Estate, Oregon Real Estate, Willamette Valley Homes, Oregon Economy, Oregon Housing

Along with housing inventory, home prices are another helpful indicator of market direction. The above chart is evidence of greater Portland’s sustained price growth, providing more confirmation of a ‘seller’s market.’ 

marketaction

View the entire new free real estate report on your Portland area town or neighborhood by clicking here or on the Market Action image above.

Salem Metro

Willamette Valley, Willamette Valley Real Estate, Oregon Real Estate, Willamette Valley Homes, Oregon Economy, Oregon Housing

Greater Salem is also experiencing stable growth, as evidenced by little change in a relatively modest housing supply of 3.9 months as seen above, matched with an overall trend of increased home prices, seen below.

Willamette Valley, Willamette Valley Real Estate, Oregon Real Estate, Willamette Valley Homes, Oregon Economy, Oregon Housing

Click here for the free latest complete Salem area real estate report, or on the Market Action image below.

Oregon Real Estate, Willamette Valley, Willamette Valley Real Estate, Oregon Homes, Oregon Real Estate, Oregon Properties

Thinking about selling your Oregon real estate in the hot seller’s market? Wherever in Oregon you live, we can help with a free consultation, provide information on your property’s value, or simply answer questions about steps in the home selling process.

Willamette Valley, Willamette Valley Real Estate, Oregon Real Estate, Willamette Valley Homes, Oregon Economy, Oregon Housing

Contact Certified Realty using the convenient form below, or call (503) 682-1083 today for smooth sailing ahead.

Filed Under: 2016 Oregon Real Estate, Oregon Economy, Oregon Home Supply, Oregon Homeseller, Oregon Homeselling, Oregon Housing, Oregon Housing Data, Oregon Housing Inventory, Oregon Properties, Oregon Property Appreciation, Oregon Real Estate, Oregon Real Estate Market, Oregon Real Estate Market Data, PDX Home, PDX Homes, Portland Home, Portland Homes, Portland Property, Portland Real Estate, Real Estate, Selling Oregon Real Estate, Selling Your Oregon Home, Southwest Portland, Southwest Portland Real Estate, Willamette Valley, Willamette Valley Homes, Willamette Valley Oregon, Willamette Valley Properties, Willamette Valley Property, Willamette Valley Real Estate, Willamette Valley Real Estate Market, Willamette Valley Realty Tagged With: Oregon Home Inventory, Oregon Homeseller, Oregon Homeselling, Oregon Housing Inventory, Oregon Properties, Oregon Real Estate, Oregon Real Estate Inventory, Portland Real Estate, Salem Home Inventory, Salem Oregon, Salem Real Estate, Sell My Oregon Home, Willamette Valley, Willamette Valley Homes, Willamette Valley Property, Willamette Valley Real Estate Inventory

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