New figures suggest Portland and Salem home prices continue to rise. With unemployment still not that good, driving this phenomenon in Portland is a low 2.8 month housing supply.
And while greater Salem has more than twice that housing backlog at 6.2 months of supply, Salem is still seeing a healthy 11.3% average home price increase in the past year.
Portland metro areas in special demand are SE Portland, seeing a 14.7% annual price increase, plus around Mt. Hood, with an 18.3% jump.
Southeast Salem is red hot with a 22.6% appreciation over the past twelve months, and greater Polk County isn’t far behind with a 22.4% spike.
For a full update, view the full greater Portland area housing report here and check out the entire Salem metro area housing report here. Plus, get details on how your property is faring by contacting the experts at Certified Realty today at 503-682-1083.