In Depth Market Stats for Oregon Show Continuation of Tough Markets
March 25, 2010 by dirkknudsen · Leave a Comment
Well things in many areas seemed to have bottomed out in the Real Estate Market in 2010. In Oregon some areas have flattened and are showings some signs of life. But overall there seems to be doubt that these markets have the ability to return to normal anytime soon.
A Recent Short Sale in Portland, Oregons North West Hills: 97229
There is going to be a shortage of buyers going forward. That much is certain. When the first time home buyers tax credit levels off things could get even more difficult. One way we can develop a better understanding of the situation is by using statistics. So here we go. Take a look at these charts tracked by real estate site Zillow. This is not pretty. Keep in mind however that Markets around Portland continue to show signs of life. State wide and in rural areas these numbers may be quite accurate. Of course please call us if you have any needs whatsoever. We take each property and each neighborhood one at a time and make a unique analysis.
Now Here is a Look at the Average List Price of a Home over the same Period of Time.
Lastly here is the Price Chart of Homes Sold over the Last 5 Years in Major Metropolitan Areas in Oregon.
