Supply and Demand are the two things that drive the market. It is the simplest way to see where things are going at any given time and where they might go in the future.

Below is a link to a very in depth report on housing supply and demand predictions for the Portland area.

Are you curious to see where we’re going?

http://www.portlandonline.com/portlandplan/index.cfm?c=51427&a=283476

Popularity: 1% [?]

593 homes were sold in Portland in December, down from 723 in November. I had predicted 500 and the normal sales slow down of the holiday season but we finished 2009 MUCH better than we started it in January.

Wild cards: Tax credit has been extended to April 30th 2010 and new move up buyer tax credit added. Foreclosures are still going up in Oregon.
I’m predicting around 400 closed sales in Portland (areas 141, 142, 143 & 148) in January. Investors will begin to emerge as a major part of the market this Winter and we’ll see a lot more homes on the market come March.

Sales volume is a leading indicator for price. To help predict where the market is going I publish this sales volume trend report. The wisdom is that price follows volume so when you see a market trending higher in sales, prices will soon follow up and when sales volume is low, prices will stay flat or fall.

PORTLAND sales volume 011510 pdf

Popularity: 2% [?]

I recently helped a client buy this duplex in SE Portland. If you’ve been thinking about buying or you need to sell your home give me a call at 503.901.8100. I’m here to help you with any of your real estate needs and I always appreciate your referrals.

Popularity: 3% [?]

I recently helped a client buy this home in SE Portland. If you’ve been thinking about buying or you need to sell your home give me a call at 503.901.8100. I’m here to help you with any of your real estate needs and I always appreciate your referrals.

Popularity: 3% [?]

Bright and warm move in ready home in red hot Mississippi district. Serene back yard with bamboo. Suite on main with master on upper level. Attached garage and fenced garden. Don’t miss out on this amazing deal. client full

HD Video Tour

Photo Slideshow

Popularity: 8% [?]