- Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.
- Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool.
- Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.
Fun Things to do this week…
Music on Main
Arlene Schnitzer’s free summer music series is back for its 16th year with an impressive program of local talent performing in the middle of Main Street.
When: through Aug 30
Where: Arlene Schnitzer Concert Hall SW Portland | 1037 SW Broadway Portland, OR 97204
Dahlia Festival
Grab your camera and your allergy meds and get ready to experience 40 acres of dahlias and a stunning indoor display of over 370 varieties.
When: Wed–Sun, through September 30, 9:30 am–5:30 pm
Where: Swan Island Dahlias | 995 NW 22nd Ave Canby, OR 97013
THIS WEEKS REAL ESTATE UPDATE
Numbers help tell a story.
Numbers are powerful, especially when it comes to real estate! Whether you are assess whether it’s a good time to buy, sale or invest these numbers can be very valuable in determining offers or best sales price! PLEASE FEEL FREE TO REACH OUT WITH ANY QUESTIONS
Portland, OR 97230
Wed Aug 09 2023
This week the median list price for Portland, OR 97230 is $522,000 with the market action index hovering around 68. This is less than last month’s market action index of 69. Inventory has decreased to 34.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller’s Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Portland, OR 97220
Wed Aug 09 2023
This week the median list price for Portland, OR 97220 is $462,000 with the market action index hovering around 53. This is less than last month’s market action index of 60. Inventory has increased to 40.
Fairview, OR 97024
Wed Aug 09 2023
This week the median list price for Fairview, OR 97024 is $574,900 with the market action index hovering around 35. This is less than last month’s market action index of 38. Inventory has increased to 17.
Troutdale, OR 97060
Wed Aug 09 2023
This week the median list price for Troutdale, OR 97060 is $588,500 with the market action index hovering around 55. This is an increase over last month’s market action index of 53. Inventory has increased to 24.
Gresham, OR 97080
Wed Aug 09 2023
This week the median list price for Gresham, OR 97080 is $553,497 with the market action index hovering around 45. This is about the same as last month’s market action index of 45. Inventory has increased to 128.
Portland, OR 97236
Wed Aug 09 2023
This week the median list price for Portland, OR 97236 is $525,000 with the market action index hovering around 50. This is an increase over last month’s market action index of 47. Inventory has increased to 41.
Portland, OR 97211
Wed Aug 09 2023
This week the median list price for Portland, OR 97211 is $722,450 with the market action index hovering around 61. This is less than last month’s market action index of 66. Inventory has increased to 46
Portland, OR 97232
Wed Aug 09 2023
This week the median list price for Portland, OR 97232 is $872,450 with the market action index hovering around 44. This is less than last month’s market action index of 50. Inventory has held steady at or around 12.
Four Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. Read more
There’s Only Half the Inventory of a Normal Housing Market Today
Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. Read more
Have you heard of HOMEBOT?
Find out everything you need to know about your homes current value here! Learn more
Are you thinking about selling your home?
FIND OUT HOW MUCH YOUR HOME IS WORTH?
RECIPE OF THE WEEK!
Roasted Cauliflower Steaks
Ingredient Checklist
- 1 cauliflower
- ½ tsp smoked paprika
- 2 tbsp olive oil
- 1 roasted red pepper
- 4 black olives, pitted
- small handful parsley
- 1 tsp capers
- ½ tbsp red wine vinegar
- 2 tbsp toasted flaked almonds
Instructions Checklist
- Heat oven to 220C/200C fan/gas 7 and line a baking tray with baking parchment. Slice the cauliflower into two 1-inch steaks – use the middle part as it’s larger, and save the rest for another time. Rub the paprika and ½ tbsp oil over the steaks and season. Put on the tray and roast for 15-20 mins until cooked through.
- Meanwhile, make the salsa. Chop the pepper, olives, parsley and capers, and put into a bowl and mix with the remaining oil and vinegar. Season to taste. When the steaks are cooked, spoon over the salsa and top with flaked almonds to serve.
Classic Moscow Mule
Indulgents
- 2 ounces (¼ cup) vodka
- ½ ounce (1 tablespoon) fresh lime juice
- 4 ounces (½ cup) ginger beer
- For the garnish: lime wheel or wedge, fresh mint (if desired)
Instructions Checklist
- Pour the vodka, lime juice, and ginger beer into a copper mug.
- Add ice and garnish with a lime slice. Serve immediately.
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