Portland, Ore., market is warming up

Real Estate Market Q-and-A

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Dropping inventory, stabilizing prices and a steady availability of distressed properties demonstrate that the metro Portland, Ore., area housing market is stabilizing, according to three leading real estate professionals who shared their perspectives with Inman News.

In Portland, lower-priced homes in good condition, especially those under $150,000, are going fast, said Portland-based brokers Brian Houston and Mike Rohrig. Houston, a broker with Coldwell Banker Seal Properties in Portland, noted that investors and flippers are prominent homebuyers at the moment.