Now that Spring Break, Winter weather and ‘tax time’ are largely behind us, the forecast for Oregon real estate is sunny, indeed. Here are five key reasons for an optimistic 2016 Oregon real estate forecast, which are explained further below: 1. Interest Rates Remain Very Low2. Housing Inventory Is Very Low 3. Better Weather4. The ‘School […]
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 MetroLet’s begin with greater Portland, where our backlog of home supply is unchanged at 1.8 months. This means our housing supply remains […]
So while greater Salem’s market improvement hasn’t been ‘flashy,’ it is chugging along. This translates into a lower inventory of homes, generally higher prices and shorter market times.
New figures from the Regional Multiple Listing Service known as RMLS reveal an increase in home inventory throughout the Willamette Valley. Even though the housing supply has increased lately, year-to-date home prices have also risen in our region’s major markets of Portland and Salem.Portland Area Real Estate Greater Portland home inventory bumped up by almost half. […]