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