January Market Action Report - Portland Metro Area

The December Portland Metro Area Market Action Report from RMLS was recently released.  The data in this report tells a story of the real estate activity in 2017.  The market has cooled off a bit from 2016, however, inventory remains low keeping it in favor of sellers.  Days are market are slightly higher giving buyers a little more time to make decisions and less competition than they were facing in 2016.  Prices are still rising with little relief in site as the average price rose 8.2% in 2017.  We expect appreciation to slow, but to continue to be above average.  The market is moving slowly moving towards a more balanced market, but remains strong for sellers.  To view the full report, go to: http://www.rmlsweb.com/v2/public2/loadfile.asp?id=9744