PUYALLUP, Wash. – May 18, 2023 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the...Read
Portland Home Prices Jump by Double Digits
Average home prices in Portland rose 14% year-over-year to $321,900 in August, sustaining the city’s streak of double-digit annual price increases. Prices still remain 17% behind 2007 levels, when the housing market was at its peak.
New listings and pending sales also increased by 10.3% and 9.5%, respectively, in August. Experts estimate it would take just 3.1 months to clear the market of unsold inventory, well below the 6-month level considered characteristic of a healthy market.
Read more at the Portland Business Journal