Portland housing market ‘still tough’ but ‘more logical’
The median selling price of a home in Portland is $549,000
PORTLAND, Ore. (KOIN) — The Portland area remains a competitive housing market as prices continue to soar but tours, offers and pending sales are starting to slow.
The median selling price of a home in Portland is $549,000. On average, homes sell for 5% above the listing price and are pending just six days after hitting the market.
But as temperatures heat up this summer, the market appears to be cooling off — to a point.
Meme Loggins, a real estate agent with Redfin, said the housing market is currently “really unpredictable.”
“Right now, we are kind of in a funky spot where we thought things would be…