Tuesday, May 29, 2018

Portland Housing Market Resumes Upswing after Consolidation

- Intended for Students/New Analysts to Learn Analytics -

(Click on the image to enlarge)

Though the Portland housing market weakened in second half of 2017 (decelerated from $415K to $375K), the early indications of 2018 are promising, sharply reversing the downward spiral after having formed a soft bottom. Even the trendline shows a much flatter curve followed by a slight uptick.

The normalized trend (bottom chart) portrays a fairly different picture: the trend was sideways until November, subsequently mimicking the primary. The trendline confirms the recent uptick, obviously not to the extent the data point suggests. The strong sideways coupled with rapid reversal could pave the way for a stellar summer.

Note: This analysis covers the City of Portland, not the entire Multnomah County. 

- Sid Som, MBA, MIM
President, Homequant, Inc.

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