Portland, Oregon’s Portland-area real estate market is the most expensive in the country according to data from Zillow.
According to Zillog’s latest Real Estate Market Report, Portland’s Real Estate Board estimates that Portland-Biddeford had the highest price for a single-family home in 2017, at $7.1 million.
The median price for single-home detached single-use property in Portland was $6,926, and the median price of single-detached townhouse was $3,715.
Portland-Lodi’s median price was $4,938.
Real estate prices for single family detached homes were up 10 percent in the past year.
Realty board chief economist Scott Lively said that in terms of the number of sales in Portland in 2017 and 2018, Portland had the most buyers in the nation.
“The boom is still here,” he said.
We have a vacancy rate of about 1.7 percent. “
In Portland, we have one of the highest rents in the state.
Real Estate board chairperson Lisa Anderman said Portland’s real estate boom has attracted buyers from across the country and around the world. “
There’s no doubt in my mind that it’s one of Portland’s great success stories.”
Real Estate board chairperson Lisa Anderman said Portland’s real estate boom has attracted buyers from across the country and around the world.
“As a matter of fact, the only city in the world that we can say we’ve had a real estate bubble in is Las Vegas,” she said.
According a 2017 study by Realtor.com, Portland has the second-highest rate of home-buying for people under age 25, which is a trend that is expected to continue.
The home-buyers are mostly in their 20s, which has led to a strong rental market.
According Zillotops, the Portland-Tualatin market had the fourth-highest number of new home sales in 2017 with nearly 1.3 million.