Blog Stories August 2018 Portland Real Estate Market Report

August 2018 Portland Real Estate Market Report

By Ross Seligman, August 10, 2018

July 2018 is a Seller’s market*

Home For Sale in July 2018: 14119 units.
• Up 6.9% compared to last month
• Up 5.3% compared to last year

Home Closed in July 2018: 5191 units.
• Down 10.9% compared to last month
• Down 6.3% compared to last year

Home Placed under Contract in July 2018: 5944 units.
• Up 3.5% compared to last month
• Up 6.7% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales


Click here to see the full Market Report for August 2018


 

Ross Seligman

Principal Broker

Ross Seligman moved to Portland in 1999 after accidentally discovering this oasis of a city in a nationwide desert of strip malls and sprawl. Ross likes to call Portland the "land of opportunity." Why, you ask? Where else can you be a successful real estate broker while simultaneously leading a double life as a musician? That would definitely be a bizarre combination in New Jersey but, in Portland, quite ordinary. In Portland, one expects that their straight-laced accountant is secretly oil painting between Yoga classes. From the moment he arrived in Portland, Ross quickly fell in love with the vibrant energy of the people, gorgeous homes and neighborhoods, and exploding arts scene. Deciding to embrace it all, Ross became an active real estate broker and quickly immersed himself in the city culture. Working with premier Portland boutique company Living Room Realty, Ross is well known for his accessibility, integrity, professionalism, knowledge of the market, and passion for Portland. When he is not busy representing clients or studying market trends, you can find Ross playing music around the city, hiking and camping in the unparalleled beauty of the Pacific NW, and spending as much time with friends and family as possible. Ross Seligman also appeared on Broadway at the Lyceum Theater in NYC as Janis Joplin's guitarist in "A Night With Janis Joplin". Ross is known for his passion for people and real estate. He is enjoying Portland's growth and expansion all while embracing the quirks that make this city so special. Ross and his team can help sell your house for the highest possible price as well as release you from the unpredictable rental market and secure your dream home as a buyer. Ross will answer any questions about the Portland real estate market and process, all while making you feel part of a strong team. Click here to read more client testimonials
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  • T: 503-862-9075
  • F: 503-961-8224
  • ross@ownitportland.com

Ross Seligman

Principal Broker


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