We started running polls last year. Some have been more successful than others in both wording and results but the prediction polls we’ve collected are worth a look. This poll is from May 2007.
This is what readers thought six months later. Clearly the weakness of the poll is the lack of a distinction of median price or average price. RMLS reported an 8.3% average price and a 1.1% median price increase.
The 2008 RMLS market appreciation poll that has been running for the last month is interesting in that the “market will increase” votes seem to have been pretty evenly distributed into the “remain the same” and two “decrease” categories (48% of all votes in 2008 compared to 55% in 2007).
6 Comments on “Portland Housing Market Past, Present and Future”
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“Clearly the weakness of the poll is the lack of a distinction of median price or average price.”
No, the weakness of the poll(s) is that it tallies the thinking of very few people. What good are these polls, and what purpose do they serve?
Almost not worth dignifying with a response but they clearly serve as talking points and a really quick snapshot of what readers are thinking about our market. You could also say that they are just for fun.
For thrills I voted multiple times. For which category? I don’t even remember. In my quest to vote multiple times, I was hindered by the IP detection. Fortunately after a bit of research I realized there are proxy avoidance tools that can be used. So it was an educational experience. Waste of time? Definitely. But what a rush!!!
Latest report shows Portland as the top 3 markets for the last year.
http://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_Release_012900.pdf
I dedicate this post to Austin Relo:
Housing Meltdown
LOL!
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this is the best thing I ever read