[joebubna]

Can confirm. I both recently sold my home, and used to be a licensed real estate appraiser before switching to Software Dev.

Our house in the not-super-desirable area of NE Portland was worth ~$265k when we looked at the data in late February/March of this year (strong data supporting that number). When we finally put it on the market in the beginning of May, it sold in 1 day, with multiple offers, for a sales price of $312k.

Yes, that's a $47k increase in value in just over 2 months. When spring hit, real estate prices went bonkers in Portland this year. Also, we bought the house for $160k ~five years ago.

[rcoder]

We bought a small one-bedroom condo in downtown PDX for my brother to live in ~3 years ago b/c it seemed like a better investment than random stocks/ETFs. He lived there for a year, and we rented it part-time for another four months.

Purchase price was $145k. Sale price (after only 16 months) was $190k.

We used to proceeds from that sale to buy a two-bedroom house for my parents move into for their retirement. Paid $250k last October; recent sales in the neighborhood suggest it's worth $310-325k now.

So yeah, agreed re: bonkers Portland housing price inflation.

[conanbatt]

Not inflation, demand shock.

Inflation is generalized increase in prices. Im sure beers and miso-fries have barely changed prices if at all.

[dawnerd]

My house is alrfull day worth almost 100k more only 6 months later. It’s crazy. Beaverton and Hillsboro are really seeing pricing skyrocket.