Portland Housing Market Update - March 2022

Prices in the Portland Housing Market continue to increase while interest rates also are increasing.   

Average sales prices for single family houses all over the Portland Metropolitan area continue to rise, particularly on the west side, with the greatest average price increases in Beaverton (20.3%), and Lake Oswego/West Linn (20.5%).

Here's John McPherson, principal broker on The Portland Team at Premiere Property Group, with more insight into the Portland area housing market activity for March, 2022:

Interest rates are also on the rise, but this does not appear to be deterring buyers. Low inventory and very few days-on-market continue to fuel multi-offer competition and bidding wars. In a fast-paced environment it is particularly important for buyers and sellers to be informed and understand the process of buying and selling a home before doing so.

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