Real Estate Blog

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Real Estate Blog

It's that time of year again. The leaves are falling, the temperature is dropping, and you’re looking forward to weekends spent cozying up on the couch next to a warm fire (maybe binging Netflix, we won’t judge). There’s nothing quite like the ambiance a wood-burning fire, but when was the last time you cleaned out that chimney of yours?  If you’re having trouble remembering, it’s probably time to schedule a chimney inspection. 

The recommended chimney care is to schedule an annual inspection and cleaning. In these inspections, the chimney sweepers will check for proper ventilation through all heating systems, including stove and furnace, as well as check for pests and other various hazards before you light your log.

Fall is the busiest chimney

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Has the market changed, or is this a normal seasonal variation?

Short Answer: The market is balancing, and the seasonal variation is temporarily exaggerating the change. We see continued price softening over the next couple of months, followed by a comparatively robust spring.

September By the Numbers

  • Median sale price ($392,500): 3.3% up from September 2017 ($380,000), 3.7% down from August 2018 ($407,500). 
  • Number of homes sold (2,272): 14.6% down from September 2017 (2,660), 23.4% down from August 2018 (2,967).
  • Number of homes on the market (7,082): up 18.1% from September 2017 (5,998), up 2.2% up from August 2018 (6,929).
  • Months supply of inventory (3.1): up from September 2017 (2.3), up from August 2018 (2.3).
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Some of Portlands greatest neighborhoods are featured in the Architectural Heritage Center's upcoming walking tours! Want to learn more about your neighborhood or the neighborhood your dreaming of moving to? Click the event to register. Once you fall in love with Portland's historic neighborhoods, give us a call and we'll help you find your dream home. We're your neighborhood real estate experts! 

Willamette Heights | Saturday, Oct. 6th | 10 am 

Pearl District: A Century of Preservation and Change | Tuesday, Oct. 9th | 10 am

King's Hill National Register Historic District | Tuesday, Oct. 16th | 10 am

Landscapes and History: A Walk Through River View Cemetery | Saturday, Oct. 20th | 10 am

 The Houses of Eastmoreland Tour | Tuesday, Oct.

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The Headlines

The media is starting to report on a slowing residential real estate market, even suggesting the broadest slowdown in years. What does that mean for buyers and sellers in Portland? What does it mean for you?

The Data on Sales Volume

Total active residential listings in June 2018 increased 12.5% over May (6,054 vs 5,380) and 16.2% over June 2017 (6,054 vs 5,211).

The number of closed sales in June increased 5.1% over May (2,946 vs 2,803) and decreased 6.0% from June 2017 (2,946 vs 3,187).

A Little Perspective

Activity has slowed since the spring. It slowed last year about this time, and the year before that, and the year before that, and... So the better question is whether the slow down is due to typical seasonality or to a

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