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Oregon Housing Forecast for 2019

Oregon housing forecast 2019

#1

According to real estate data provider Realtytrac, Existing-home listing prices in Oregon were up 3% in March over last year. With a Median list price of $359,000, that’s an increase of $11,000.

#2

According to local MLS data compiled and provided by Pohl Real Estate, Oregon has an average home inventory of 2.6 months.  That means if home sellers stopped listing new properties it would take 2.6 months to sell what is actively listed on the market today. Most sources project a 6-month inventory as the national median.

#3

Median sales price for a typical house in Oregon as of April, 2019 is 337,000  up 4.6 percent from last year. Zillow predicts prices will rise another 1.7 percent thru the end of 2019

#4

According to HUD In the calendar year 2018, FHA’s overall share of the mortgage market was about 17%. 2018 ended with just under 20% market share for FHA loans

#5

According to the well-known financial blog Nerdwallet.com, current rates in Oregon are 3.966% for a 30-year fixed, 3.373% for a 15-year fixed, and 3.648% for a 5/1 adjustable-rate mortgage (ARM).

#6 

Freddie Mac predicts that total home sales will slowly regain momentum, eventually increasing to 6.09 million in 2019 and to 6.14 million in 2020.

#7

The Fannie Mae economic and strategic research group Group’s housing and mortgage finance forecast calls for total home sales in 2019 to be essentially flat from 2018

#8

The HPI national Forecast published by Core Logic, suggests the median sale home price will rise 2.7% in real, or inflation-adjusted, between September 2018 and September 2019. 

#9

According to Veros Real Estate Solutions, the national appreciation average of 3.9%, is almost a half a percent less than Oregon at 4.6%. While none of Oregon’s MTA’s made the top 10 list for appreciation, an increase in value and a decrease of inventory make Oregon a sound investment.

#10

According to Realtytrac, Home sales in March were flat compared with the previous month, and down 100%compared with a year ago. 

#11

According to market surveys published by Pohl Real Estate, The Portland market continues to lead the way in home values and sales price.  With a steady increase in demand and a short inventory supply of only 2.6 months, home values will continue to rise.

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