Portland Real Estate Market

The Portland real estate market is always changing. It takes a very busy real estate agent, top 1% in Portland, to keep a finger on its pulse.

Bookmark this page for monthly Portland real estate market updates, annual forecasts, Portland condo market updates, HOA reports, Portland population rates, local short sale and foreclosure updates, and more.

If you’re thinking of selling your home in the next twelve months, Stephen would love to tour your home. Call today to set an appointment.

Stephen FitzMaurice, Realtor
4% Max. to Sell a Home
Cancel Anytime Policy
Licensed Since 2003
503-714-1111

If you’re considering buying a home in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.

Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000

Portland, Oregon Real Estate Market, March 2024 Report

The number of active home buyers on the market has increased significantly since our last Feb. report, while home inventory has dropped further and prices have begun to rise more steadily. Conditions are right for sellers to benefit from these factors that will likely only improve as we head into Spring, when the Portland housing […]

Portland Real Estate Market Forecast 2024

Licensed since 2003, with over 2,000 home sales, I write a Portland real estate market forecast annually. To be more specific, I write one in the late summer and then I update it a couple of times in the winter before the next spring selling season rolls around. Most years I am able to predict […]

Portland, Oregon Real Estate Market, February 2024 Report

The Portland housing market is currently balanced, with a significant drop in available home inventory and slow buyer traffic combined with a slight increase in prices. These conditions signify that homes are starting to sell again and the market is gaining strength as we draw closer to the Spring seller’s market. Right now opportunities exist […]

Are People Moving out of Portland? Population Growth 2024 Update

It’s that time of the year again when we look at the growing (or shrinking) population of Portland and how it reflects in the Portland real estate market. Ever since the notable upswing in the Oregon population from 2010 to 2020, with a 10.6% increase, Oregon has faced a rocky population climb. However, now that […]

Portland, Oregon Real Estate Market, January 2024 Report

Our local housing market is in a cold state with a high inventory of detached homes, slow but continuing price drops and the number of active buyers at its lowest point for the year. Pending sales have continued to decrease and inventory is beginning to drop, but at a slower pace than in recent winter […]

Portland, Oregon Radon Map – Plus Free Tests (for some)

Portland, Oregon Radon rates change. A perennial hot topic in Portland is the influx of Californians, but it’s the Montana and Idaho migrants that we should be worried about, according to health officials. Actually, they’re not talking about people, but rocks. “In the Portland metropolitan area, a lot of the rocks and soil underneath the […]

Portland, Oregon Real Estate Market, December 2023 Report

The Portland housing market is continuing to cool down with the winter season and prices are at their lowest point for the year. Buyer traffic is steadily dropping while detached home inventory remains high, negatively impacting the number of sales. These cooler market conditions will work to the advantage of motivated homebuyers before inventory drops […]

Tualatin, Oregon Real Estate Market Report with 2024 Forecast

Every month we provide an analysis of real estate conditions in one of Portland’s desirable suburbs to provide helpful insight for your buying and selling decisions. To learn more about our local housing market and discover the other suburbs we have covered, check out our Portland Suburb Real Estate Market Reports. If you’re interested in […]

Portland, Oregon Real Estate Market, November 2023 Report

The Portland housing market is currently marked by inventory saturation, reduced buyer traffic and diminishing sales. These conditions are working in favor of buyers by providing greater choice and more competitive pricing. With a likely drop in inventory over the next several weeks, these ideal conditions may not last long, though the market should continue […]

Portland, Oregon Real Estate Market, October 2023 Report

The market has turned to favor buyers as housing inventory increases while the number of pending sales continues to decrease. The corresponding decrease in prices resulting from high supply and a lack of demand are creating ideal buying conditions that will benefit buyers until inventory begins to drop again (likely) in October. Let’s take a […]

Portland Real Estate and the RMLS

You hear us mention the RMLS on this blog when we cover the Portland Real Estate Market monthly and reference the RMLS Market Action report. But what is RMLS, and what can they do for you, the Portland area real estate buyer or seller? RMLS stands for Regional Multiple Listing Service. Every region in the […]

Portland, Oregon Real Estate Market, September 2023 Report

Decreasing buyer activity and increasing inventory is leading to price drops, signaling the beginning of the end of the seasonal spring and summer seller’s market. Both trends will likely continue – leading to the favorable buying conditions of more available homes and less competition – throughout September, until inventory typically starts to drop again in October […]

Top 5 Portland, Oregon Zip Code Maps

Most people don’t think about the importance of zip codes when house shopping. However, understanding how these numeric representations of cities, their neighborhoods, and their districts work can play a big part in gaining valuable information when deciding where to live. Let’s first take a look at how zip codes work. How Do Zip Codes […]

Portland, Oregon Real Estate Market, August 2023 Report

June’s balanced market led to growing inventory and a decline in buyer activity in July, creating the conditions that will lead to a buyer’s market as soon as mid-August, but likely in September. A relatively reasonable rate of housing inventory and a decent amount of buyers means sellers can still enjoy the last lingering effects […]

HOA Fees up 30% since 2020 in Portland, Oregon

This is our fourth year calculating average HOA fees in Portland, Oregon. Last year we were surprised to report that HOA fees had jumped a whopping 20% in the city over a short two year period. It is no longer uncommon to see monthly HOA fees top $1,000 a month. These fees are not trivial […]

Top 10 Real Estate News Websites

It can be surprisingly difficult to find timely and accurate real estate news, especially if you’re looking for accurate local data specific to your property. Most of the major news sites (and we won’t name names) focus on the sensational, a celebrity’s home sale, a shocking statement about how the economy could impact the real […]

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What My Clients Are Saying

Stephen was just simply a fantastic realtor to work with in selling our home. If we had another 50 properties to sell, Stephen would be in charge of all of them. He was so professional in handling every detail of our sale, and he was so responsive to every question that came up in the course of our transaction. My wife and I are very thankful that we found Stephen.

Alan