Oregon Real Estate Summary

The Oregon real estate market is booming.  Jobs are being created throughout the state in shipping, manufacturing and retail corporations, making the number of Oregon relocations high.  The economy is growing with many more jobs and by Oregon´s decreasing unemployment rate.  Oregon has a high number of tourists, which also add to the local economies. 

Statewide, real estate prices have increased 10% over the last two years.  Eugene real estate is in high demand.  The high demand in recent years has driven the prices up 15-20% over the last five years.  Houses are selling for an average of $206,000 while only being on the market for 30 days.  The market is currently with more buyers than sellers, and there is a short supply of houses under $200,000.  Young families are flocking to Eugene for their reputation as having excellent schools.

Portland real estate is also high priced and in demand.  Most houses sell within 10-20 days in the lower price ranges.  The average price of houses is $389,000, but many more are priced over a million dollars if they are in a desirable area.   Most sale prices are 15% higher than last year´s prices.  There are a lot more buyers than sellers, and often times houses will sell for over their asking price.