THE MCDOWELL TEAM, LLC PREMIERE PROPERTY GROUP, LLC
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Are You Covered?

10/16/2023

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If you are renting a property, taking out a renters’ insurance policy is an important safety net protecting you and your belongings if certain traumatic events occur. Check out this month’s report for more information on the basics of what is covered, what is not and the two primary types of renters’ insurance.
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September 2023 - Market Action Report - Portland, OR

10/11/2023

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Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of September 2023.  Click HERE to see the full detailed report.
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​Home inventory* increased to 2.9 months. 

The median sales price is down (-1.9%) since September of  last year now at $537,400. 

September 2023 vs August 2023
New Listings are down 7.2%
Pending Sales are down 11.9%
Closed Sales are down 20.3%


September 2023 vs September 2022
New Listings are down 13.9%
Pending Sales are down 9.7%
Closed Sales are down 23.2%


Homes are taking 1 week longer to sell than they did in September 2022.
*Home inventory refers to the length of time that it would take to run out of houses to sell if we continue selling at the current rate without listing any additional homes for sale.
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Invest in Real Estate for Building Long-Term Wealth

10/2/2023

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When it comes to investing, real estate is an excellent option for building long-term wealth. In fact, for the past nine years, the number of Americans who believe real estate is a better choice than investing in stocks, gold or savings accounts has grown.
 
Below we highlight some of the many benefits of investing in real estate, including that it is a great hedge against inflation and provides tax incentives and passive income. We also define the basics of fair market value versus investment value.
 
As with any investment, prudent research and expert guidance are important. If you need any assistance finding a qualified professional, please feel free to reach out to us and we will connect you to one in our trusted network. 
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    Portland Metro News

    Come here to get updates on local real estate market information, community events, and helpful tips for homeownership in the Portland, OR region.

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Photos from Ian Sane, Shamraze/Nuhaize, Me in ME, Ian Sane, docoverachiever, Jaykhuang, OregonDOT, Lulu Höller, marc falardeau, Jaykhuang, dsearls, Si1very, Kirt Edblom, SupportPDX, pyrospectaculars, Jonathan Miske, jesse.millan, nicolas.boullosa, pyrospectaculars, Ian Sane
  • Home
  • About Us
    • Mission Statement
    • Rick McDowell
    • Jimmy McDowell
    • Becky Shaw
    • Client Testimonials
  • Sellers
    • What's My Home Worth?
    • Selling a Home in an Estate
  • Buyers
    • Preferred Lenders
  • Our Listings
    • LISTING - 53rd AVE
    • LISTING - ANGELA LN
    • LISTING - CHURCH RD
    • LISTING - CORNELL ST
    • LISTING - GREENANN CT
    • LISTING - MATEER RD
    • LISTING - SWEET GUM CT
    • LISTING - WATERFORD WAY
    • LISTING - WILD FERN LN
  • Home Search
  • Business Directory
  • Resources
    • Preferred Lenders
    • Client Survey
  • Blog
  • Contact Us