| Price/SQFT | Median List Price | Median Rent | |
| Lake Oswego | $462 | $1,419,500 | $3,195 |
| Hillsboro | $328 | $627,450 | $2,625 |
| Portland | $325 | $624,500 | $2,623 |
| Wilsonville | $312 | $719,950 | $1,745 |
| Milwaukie | $308 | $599,000 | $2,645 |
| Beaverton | $306 | $665,000 | $2,645 |
| Tigard | $304 | $784,990 | $2,895 |
| Tualatin | $292 | $739,000 | $1,875 |
Hey, welcome back to #1MinHousing Market update, this is Shawn, the realtor guy. Redfin just released this article, “US home prices hit other record high but the mortgage rates are starting to decline” based on the CPI report.
May CPI report showed that inflation is continuing to cool and we’re seeing the lowest interest rate slightly below 7 % right now. The median US sale price hit all -time high of $394 ,000 during the four weeks ending June 9th, 4 .4 % year -over -year, which is the biggest increase in about three months. There are four US metro areas that are actually declining. It says Austin, Texas, Fort Worth, Texas, San Antonio, Texas, and Portland, Oregon.
Daily average mortgage rate dropped to lowest leveling three months on June 12th after the latest CPI report and it says the lower rates and higher prices may ultimately cancels out when it comes to home buyers monthly payments.
Shawn Realty 