Portland’s Real Estate & Rental Markets Incredibly Hot

It may be cold and damp outside, but November remained a hot month for Portland.

At a time when our market typically cools off, the real estate purchase activity remained robust with a near 20% increase in pending transactions over last November of last year (which was a very busy year) and the most closed transactions that we’ve seen since 2006.

If you’re looking to the rental market for your housing needs, good luck!  It’s even tighter
than the purchase market.  Oregon has the lowest vacancy rate for rental property in the US.  Click the picture below for more details from Oregonlive.com.

Apartment Building Pic