Portland housing market 2022
Buyers are sitting on the sidelines now until mortgage rates, that are currently more than 7% for a 30-year fixed, settle down.
Stay updated with breaking news from Regional Multiple Listing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Buyers are sitting on the sidelines now until mortgage rates, that are currently more than 7% for a 30-year fixed, settle down.
A recent Portland Business Journal analysis found buyers need six-figure incomes to afford homes anywhere in Portland. And many areas are even more pricey.
The seven-acre property includes a 12,000-square-foot house built in 1999.
Here are the houses that flew off the market in April of 2022.
Things may not be looking up for homebuyers this year, with the months of inventory and total inventory of homes on the market in Southwest Washington at the lowest it’s ever been in a January.