Real Estate Market Report

February by the Numbers

  • Portland Area Months of Inventory: 1.9
  • Portland Area Avg. Sales Price: $441,900
  • YTD Average Sales Price increased: 7.5%
  • Portland Area Closings increased: 10.9%
  • Portland Area New listings increased: 1.8%
  • Average market time: 69 days

Portland-area home sales jump in February amid mortgage rate spike

Home sales took off in the Portland area last month, perhaps as buyers tried to get ahead of rising mortgage rates.

But signs point to another summer slog for buyers, with few options on the market and prices continuing to climb. Bidding wars remain common, particularly on homes within reach for first-time homebuyers.

More than 1,800 homes sold in the metro area in February, according to the Regional Multiple Listing Service, an 8.2 percent increase compared with the year prior.


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Rental Market Report

Rental News

Portland Landlords will have to pay Tenant Moving as City makes policy permanent

Portland landlords now face a permanent policy that forces them to pay tenant moving costs if they want to increase rent by 10 percent or do no-cause evictions to move tenants out to rehab old apartment buildings to upgrade them, according to reports.

Landlords see the ordinance as disguised rent control.

The permanent renter protection policy requires landlords to pay tenant moving costs ranging from $2,900 to $4,500 to tenants subject to no-cause evictions or who choose to move if their rents are raised more than 10 percent a year.

The council revoked an exemption for landlords who own just one rental unit, except in limited circumstances. The revised policy is effective immediately, according to reports.

“I’m pleased that we’ve been able to work through some complex issues and arrive at a consensus policy that will, after today, become permanent City law,” Commissioner Nick Fish said in a release.


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Thinking of Buying or Selling in 2018? Let us help!

March Homework

Check Exhaust Fans

You should find exhaust fans in your bathrooms, maybe laundry room, and the kitchen.  It is a good idea to check all the fans and make sure they are clean and operating as designed.   They are designed to remove moisture from the house which helps to reduce the growth of mold and mildew.   Often times fans in the bathrooms get clogged with dust and lint.  When hairspray is used in the bathroom, it can cause dust and lint to stick to the fan and make it work less efficiently.  Keeping the exhaust fans clean and operational will help maintain the health of your home.
In the kitchen, check the range hood or microwave hood above the stove or cook top. If you have an island, there may be a downdraft fan that has filters that will need to be cleaned. Remove the filters and clean as necessary.  Keeping these clean will help the ventilation in the kitchen, reduce the risk of fire, and make cooking a pleasure.
If you have no idea what I am talking about please give me a call, I can help!

2018 Portland-Area Guide to Easter Egg Hunts!

Getting Involved with our Community


The mission of DONATION HOUSE is to create revenue and support for non-profit organizations that serve our communities and make a positive impact on people around the world. When a non-profit organization refers real estate business to a DONATION HOUSE business partner, they agree to return 10% of the proceeds back to the non-profit organization.

Recent contributions have been made to the following:

For more information please visit: Sell a Home, Save a Child and Forward Edge International.