Many home owners are concerned that their home won’t sell during the winter months and hold out for spring or summer to list their homes. Interestingly, Portland’s average asking price is maintaining the same level as last month. However, inventory is down 7% since November 2nd. This means sellers are still in a position of power. Home owners should still expect to receive solid offers through the winter months. Contact Us to discuss our outside the box, aggressive marketing programs that produce results.
| Date | Single Family & Condo Inventory |
25th Percentile Asking Price |
Median Asking Price |
75th Percentile Asking Price |
|---|---|---|---|---|
| 12/02/2013 | 8,940 | $210,000 | $289,000 | $449,850 |
| 11/25/2013 | 9,180 | $210,000 | $289,000 | $449,900 |
| 11/18/2013 | 9,335 | $210,000 | $289,000 | $449,900 |
| 11/11/2013 | 9,446 | $210,000 | $289,500 | $449,900 |
| 11/04/2013 | 9,608 | $210,708 | $289,900 | $449,900 |
Portland’s median home price is still well below the long term 4% per year trend line.
