Hi , In this issue, we'll dive into the recently released RMLS Market Action Report for March 2023, which sheds light on the current state of the local housing market. I'm also featuring a short article on the Kenton neighborhood in North Portland. Learn more about this area's history, amenities, and current property listings on our website's neighborhood pages.
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Summary & Analysis
As you’ll see in the latest data produced by our local organization, our real estate market is showing signs of life. New listings, pending sales and closed sales are all up significantly from the month before, but still down significantly compared to the year before.
Total market time has dropped 14 days, and our
inventory has fallen slightly, to 1.6 months of inventory.
What does this all mean? The Portland metro market remains surprisingly stable, even in the face of raising interest rates and economic headwinds. If you’re thinking about selling, it’s still a strong market- as long as you price your property well. If you’re thinking about buying, you’ll jump into a market that’s tamer than it’s been in the last few years.
From Portland with Love The Kenton Neighborhood Kenton is a vibrant and diverse neighborhood located in North Portland, Oregon. Known for its historic architecture, Kenton is home to a mix of families, artists, and young professionals. The neighborhood boasts a thriving commercial district centered
around the iconic Kenton Station, a former railroad station turned restaurant and bar. Kenton also features several parks and green spaces, including the beautiful Kenton Park. The neighborhood is easily accessible by public transportation and offers a sense of community and small-town charm within the bustling city of Portland. With its unique character and convenient location, Kenton is a popular destination for both residents and visitors alike.
