Portland Metro/Tigard Real Estate News

In this forum we will offer discussions on a wide variety of subjects, but focus on Portland Metro and real estate. Hopefully our insights and experiences will inform, educate, challenge and entertain our readers week after week.

Wednesday, January 31, 2007

Portland Metro 2006 update

Part of the decline in the Portland market was due to what I would call a self-fulfilling prophecy. Buyers were inundated with these story and they simply assume that the housing slow down applied to their area as well. This is why it is so important for Realtors to be knowledgeable about their markets and their neighborhoods. According to our RMLS market action report, Portland had its second highest total volume in real estate sales in 2006 with $10.4 billion compared to $10.6 last year. Further, the average sale price increased 14% and the median price increased 13.9%!

For more information on city-by-city market conditions please check out our e-Newsletter.

No comments: