A September report from Regional Multiple Listing Service in Oregon showed that closed residential sales in the Portland area were up 20 percent over the previous year. Lennox Scott, chairman and CEO of John L. Scott Real Estate, said the Portland market remains hot and that there is plenty of competition among buyers. “We are virtually sold out in the price ranges where 90 percent of the sales activity is taking place. Buyers will need to be buyer-ready to be able to instantly react get a home in these price ranges.”

According to S&P’s home price index, released in October, Portland-area home prices increase 1.1 percent between July and August this year – more than any other metro area measured. In great news for your seller clients, home prices saw an annual increase of 9.4 percent, with San Francisco and Denver being the only two cities with higher year-over-year gains.

ListHub is available to brokers and agents in the Portland market through our partnership with RMLS. Check out ListHub’s 30 day snapshot below to see the RMLS stats from October:

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