Carl’s blog, February 26, 2016

It have been an exciting year in real estate. The market has been fast and furious in some places, and others not so fast, but Oregon, the Portland area especially has really rebounded from the recession:

Homes purchased in the Portland housing market one year ago have appreciated, on average, by $19,216. The national average was $12,783 over the same period.

Homes purchased in the Portland housing market three years ago have appreciated, on average, by $78,746. The national average was $55,406 over the same period.

Homes purchased in the Portland housing market five years ago have appreciated, on average, by $64,670. The national average was $49,675 over the same period.

Homes purchased in the Portland housing market seven years ago have appreciated, on average, by $18,019. The national average was $9,474 over the same period.

As you can see by these numbers two things are obvious, 1. the real estate market in the US has really come back. And 2. Oregon, on average has done better than most other states.

The problem has been finding homes to purchase. Buyers are serious about buying right now, but sellers are much slower to come to the table but as those prices increase I will bet that they too will jump into the fray.