News

Portland single-family home market is hot, while condo sales have stalled

Photo by Eric Muhr on Unsplash

The Oregonian | Janet Eastman

Portland is a tale of two residential real estate markets: Well-priced, single-family homes are selling fast — sometimes a bidding war breaks out regardless of the location and condition — while sales of turnkey condominiums with concierge services and killer views have stalled due to the coronavirus pandemic, say real estate agents.

[…] While it’s a seller’s market for single-family homes, low condo sales, which had been lagging before stay-at-home orders were issued in late March, have owners motivated to make a deal, says Sean Z. Becker of Portland-based Sean Z Becker Real Estate.

Read the story online here: Portland home shoppers feel the pinch: Prices and fast sales rise while choices fall, except for condos

Related posts

Dogs are top driver for millennial home buyers

jlspr

Portland behind other U.S. cities in home price rises

jlspr

UW Study says a boost in affordable housing would come from condo reform

jlspr