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As 2019 begins, Portland faces prospect of ‘normal’ real estate market

Photo by Christopher Brown on Unsplash

In contrast to the abnormal housing market the Portland area has seen in the past year, many think the area is headed for a more ‘normal’ market. The Oregonian’s Elliot Njus outlines what that will mean for buyers and sellers. 

Elliot Njus | The Oregonian

Boom. Bust. Boom. It’s been perhaps two decades since the Portland area’s seen a housing market where prices weren’t either spiraling into the depths of the housing crash or shooting skyward.

So 2018 came as a surprise for homebuyers and sellers. Neither boom nor bust; just slow and steady.

The median home price, at $391,400 in November, according to the Regional Multiple Listing Service, is still climbing but at half the rate of a year ago. Sales have slumped, and houses that might once have sold in a couple of days instead took a couple of weeks.

To read the full story, click here: Portland faces prospect of a ‘normal’ real estate market

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