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Sell My House Fast in Portland

Posted Tuesday, April 3, 2018

Situated in far northwestern Oregon, Portland is the state’s largest city with a population of approximately 2.4 million in the metropolitan area. Known as the “City of Roses”, Portland is also known for being progressive and for having a very environmentally-friendly focus. Its robust cultural scene and the beauty of nearby natural spaces and park areas make if a desirable city to live in. It also has a desirable climate and a thriving, diversified economy. If you are ready to sell my house fast in the Portland area, the good news is that this city has a lot going for it. However, you may be interested to learn more about the housing market before you list your home for sale.

Notably, Portland has been one of the fastest growing metropolitan areas in recent years. Because of its rapid growth, housing prices have increased dramatically. When your focus is to sell my house fast in the local area, you may be pleased to learn that your own home’s property value may have increased since you purchased it. The median sales price for homes in the metropolitan area is $412,900. This yields a price per square foot of approximately $290. Notably, Beaverton is a suburb that has a lower median home price of $353,300. On the other hand, Lake Oswego has a much higher median home price of $649,000. Home prices throughout the area are expected to increase by 2.9 percent within the next year. This is an indicator that the strong demand will continue for the immediate future. 

The Portland area currently has a buyer’s market. This means that the supply of available homes for sale is less than the demand. However, this is not a strong buyer’s market. You can typically expect a home in good condition and that has a reasonable list price to remain on the market for approximately 30 to 40 days. Factors related to the property’s appeal and condition, location desirability, pricing and more will determine how quickly the home sells in the current market. In addition, your real estate agent’s experience and the competition in the local community also will impact how soon your Portland area home sells. 

While you understandably want to sell your home in the Portland area as soon as possible, it is important that you set realistic expectations about the process. Your real estate agent may be able to provide you with more accurate sales data for your specific community within the metropolitan area. If you want to sell your home as quickly as possible, remember to follow the advice and recommendations offered by your real estate agent.