Metropolitan Statistical Area (MSA):
Portland-Vancouver-Hillsboro, OR-WA is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area (MSA) is one of the hottest housing markets in the country right now. According to Realtor.com, the MSA was ranked as the #5 housing market in the nation for 2019, and it is showing no signs of slowing down.
One of the biggest trends in the MSA right now is that homes are selling very quickly. In fact, according to Redfin, homes in the MSA are selling an average of just 22 days after being listed on the market. This is significantly lower than the national average of 65 days.
Another trend that is happening in the MSA is that home prices are continuing to rise at a rapid pace. In fact, according to Zillow, home prices in the MSA have increased by nearly 10% over just the past year. This trend shows no signs of slowing down either, as more and more people are looking to buy homes in this desirable area.
If you are thinking about buying a home in Portland or Vancouver, now may be a great time to do so before prices continue to rise even further. However, you will need to be prepared to act quickly when you find a home that you like since they are selling so fast!