"The median list price dropped 5.7% year-over-year to $499,750, nearly one in four listings had already been cut, and homes sat longer than a year ago."
"Active listings in April held nearly flat at 2,287 homes, down just 0.9% year-over-year. But newly listed homes fell 6.4% compared to last April, a sign that sellers grew hesitant to enter the market."
"For buyers, that means real room to negotiate - especially on already-reduced homes. For sellers, pricing right from day one isn't optional; it's the strategy."
"The typical Portland home spent 46 days on the market in April, up 4.5% from a year ago. That's still faster than the national median."
In April, Portland's housing market shifted towards buyers, with the median list price decreasing by 5.7% year-over-year to $499,750. Homes are taking longer to sell, averaging 46 days on the market, which is still quicker than the national average. Although active listings remained stable, new listings dropped by 6.4%, indicating seller hesitance. Buyers have significant negotiating power due to price cuts on listings, while sellers must price competitively to attract interest.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]