Portland Housing Market Update - Jan 2022

While the rest of us were deep in the mid-winter blahs, the Portland housing market was far from hibernation mode, remaining strong in January in spite of short days and dreary weather.

Portland's average single family home sales price was up 8.8% over January 2021.

And the average condo and townhouse sales price was up an astonishing 15.7% over last year.

The number of new listings compared to last year was down 14.8%, while the number of sales was only down 4.9%.

This indicates that inventory is extremely low while buyer demand remains quite strong.

Great news if you are thinking of selling, and time for good strategy if you are in the market to buy.

Here's John McPherson, principal broker on The Portland Team at Premiere Property Group, with a little more insight into the Portland housing market stats for January 2022:

Give us a call anytime to talk through your real estate plans, or to talk more about Portland's real estate market.

(503)406-1776