The number of homes sales in Portland, Ore. was at its lowest August level in 15 years, according to MDA DataQuick. There were 3,063 new and resale houses and condominiums sold in the Portland-Vancouver-Beaverton metro area in August. That’s down 9.2% from July and the lowest level of August sales in the area since MDA DataQuick began tracking the region in 1994. The monthly decline in sales nearly eclipsed July’s 9.3% monthly gain and effectively erased July’s 5.8% year-on-year gain, which ended a 40-month run of year-over-year declines. The year-on-year loss continued in August, with sales slipping 0.8% below levels seen in August 2008. The median sale price for homes in the region was $242,200, up a 0.7% from July but down 10.8% from $271,500 a year ago and down 16.2% from the market peak of $288,858 in August 2007. Previously foreclosed homes accounted for 15.5% of all resales in the region, up from 14.2% in July and up from 6.8% one year ago. During the month, 675 houses and condos went into foreclosure in the region, down 1.2% from July and up 92.3% from a year ago. The number of August foreclosures is 24% higher than the monthly average during the past year. Write to Austin Kilgore.
Most Popular Articles
The hidden cost of leverage: Why today’s real estate investors need to be more conservative than ever
In today’s high-cost market, excessive leverage can quickly turn a profitable property into a financial liability. Investors must prioritize conservative underwriting and consistent cash flow over extracting maximum equity.
Jun 30, 2026
-
Taylor Morrison deal details show limits in builder M&A appetite
Jun 29, 2026 -
CFPB, facing staffing constraints, moves to expand mortgage credit box
Jun 29, 2026 -
Why Carlisle Companies targets Owens Corning for an M&A combo
Jun 30, 2026 -
Introducing the 2026 Women of Influence
Jul 01, 2026 -
GSEs release historical FICO 10T data, expand VantageScore 4.0 file
Jul 01, 2026
Latest Articles
Government-backed modular housing trend arrives in Cleveland
Cleveland tapped $2.56M in Ohio historic preservation tax credits to redevelop a 1901 building into an MMY modular housing factory.”,
-
Will the ROAD Act change what pencils for multifamily rentals?
-
First MLS names Jenni Bonura chief growth officer
-
RealTrends Verified The Craig Tann Group continues decade of growth
-
MISMO updates mortgage insurance data guide for VantageScore 4.0 and FICO 10T
-
America 250 is a turning point for American homeownership