November 17, 2021
Real Estate

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…

Read full article here: www.koin.com