Portland Real Estate - 2020 Market Trends and 2021 Projections
Curious about the Portland real estate market for 2021? Let's use critical market trends for each Portland neighborhood to show how those 2020 trends will continue in 2021.
Start with the Housing Inventory for each Portland neighborhood.
Then combine with the 2020 Year End Median Monthly figures for each Portland neighborhood.
Using the 2020 Year-on-year price growth and low days on market combined with low interest rates and low housing inventory to demonstrate that buyers have increased purchasing power but nothing to buy.
You've got a lot of buyer demand without the housing supply for them to buy, meaning multiple offers as soon as a new listing comes on the market, which will continue the trend of low days on market and buyers bidding up the sales price.
Please come back each month to understand the real estate market throughout 2021 and beyond.