House prices must be skyrocketing in Portland 
The price of housing is skyrocketing in Portland and in the Portland Metro area which includes suburban town such as the one where I live. If you're thinking of moving to Portland, better do it fast because not only are interest rates at all time lows the market price for housing keeps going up while inventory is going down...specially in Portland. Rentals are accordingly high in Portland.
The Portland housing market is sizzling hot. Despite the economic slowdown caused by the pandemic, the Portland real estate market continues to connect buyers to sellers. In October, 3155 residential properties in Portland metro area changed hands, according to the latest report by the Portland Metropolitan Association of Realtors®.
The inventory is so tight in this housing market that the median sale price rose to $435,000, an increase of $1,500 from September 2020. There’s a lot of competition among real estate buyers in Portland due to the extreme shortage of available homes for sale.
In October 2020, the median list price of homes in West Linn, OR was $691.3K, trending up 11% year-over-year. The median listing price per square foot was $233. The median sale price was $565K.
West Linn is a city in Oregon and consists of 11 neighborhoods. There are 159 homes for sale, ranging from $65K to $6.9M. West Linn has affordable condos, and affordable multi-families.
$691.3K
Median Listing Home Price
$233
Median Listing Home Price/Sq Ft
$565K
Median Sold Home Price
* The median sales price was $435,000, an increase from the previous month ($433,500).
* The average sales price was $489,000, an increase from the previous month ($485,200).
* No. of closed sales was 3155, a slight decrease from the previous month (3251).
* No. pending sales were 3199, a slight increase from the previous month (3152).
* New listings were 3515, an increase from the previous month (3264).
* Months of inventory equaled 1.1, no change from the previous month (1.1).
* The average no. of days on the market was 38, no change from the previous month (38).
