Is the Portland Market Still as Strong as Before?
May 22, 2018 | Paul Campbell

If you go down the street in Portland and ask them about the housing market, you will most likely get the same response about how hot it is. But, this is not entirely accurate. 

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What are we seeing in the Portland market? 

One of the most important things that I am currently seeing is that the market is shifting based on price point.

I think that if you talk to someone about real estate on the street, they are all probably going to say something similar. They will tell you how hot the Portland markets is. But, this is not 100% accurate.

In my experience at our office, I would say that price points under $350,000 are, absolutely, on fire. If you are in this price point, you need to be making offers as quickly and aggressively as possible. Especially since sometimes those properties are getting snatched up within hours.

I think that the most important thing to remember about this market is that it really depends upon what you are trying to accomplish. 
Properties in the mid-range, meanwhile, have seen some slowdown. While demand is still way higher than that of the supply, the $400,000 to $700,000 range is starting to see homes sit on the market for a couple of weeks. Some are even showing price drops.

I think that the most important thing to remember about this market is that it really depends upon what you are trying to accomplish.

If you have any real estate needs and are not exactly sure what direction to go, please feel free to contact me by phone, email, or even social media. I would be happy help you in any way that I can.
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