After a cooling period in the final months of 2018, things began to heat up for the North Portland Housing Market in the first quarter of 2019. While January 2018 was busier than January 2019, there was still a fresh start to the year and welcome change after the traditionally slow holiday season. In terms of numbers, January and February performed similarly and ultimately proved to be encouraging to buyers, especially as March drew near. The housing market stayed hot throughout March, foreshadowing a pattern likely to continue through the remainder of the year, all of which will largely depend on mortgage rates.
Despite the downward trend during the fall season, December was a productive finish to the year for the Portland housing market. One contributing factor was an increase in interest rates. December is typically the slowest month for real estate, but rates spiked, leading many to rush and buy to lock in the rate before prices got too high. Below is a breakdown from the fourth quarter of 2018 and some insight into 2019.
The vibe from the Portland housing market is that it’s slowly settling down, which is a welcome reprieve for buyers. Between skyrocketing prices and low inventory, it’s been tough for them for the past few years. So, let’s break down the most important things we see from the third quarter of 2018. Continue reading “North Portland Housing Market Update: 2018, Quarter 3”
The Portland housing market is definitely starting to look more normal, which is good reason for a sigh of relief all around. Here are some of the key things we’re seeing in today’s market. Continue reading “Portland Housing Market Update: 2018, Quarter 2”
Ready to see the crème de la crème of the Portland housing market? Here are the top 10 most expensive listings currently on the market. Continue reading “Portland’s Most Expensive Home Listings”