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
1.7% 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, December 2024 Report
The real estate market in Portland typically holds to historical seasonal patterns, with buyer activity typically peaking in the spring and gradually slowing through late summer, fall, and into winter. As we close out 2024, we see that the Portland real estate market holds true to some patterns, but this season brings some unique twists. […]
Portland, Oregon Real Estate Market, November 2024 Report
Here in Portland, the real estate market often follows seasonal patterns, and this year, it is showing signs of the typical fall slowdown. Still, buyer traffic has shown some resilience since mid-September, a contrast to last year’s sharper declines, possibly because of the recent interest rate drop (and hope of more rate drops on their […]
Portland, Oregon Real Estate Market, October 2024 Report
Here in Portland, the real estate market often adheres to seasonal patterns. Currently, inventory remains high, and buyer traffic is lukewarm as it typical in the fall. Price reductions are high and will likely continue to climb as sellers contend with longer market times and increased competition. As usual, this results in more options and […]
Portland, Oregon Real Estate Market, September 2024 Report
As we kick off the Fall buying season, the Portland real estate market is already in its typical cooldown phase that started in August. If seasonal predictions hold (and they are highly likely to), we’ll be seeing medium buyer traffic and high inventory. In September, home buyers will have more favorable conditions for pricing and […]
2025 Portland Real Estate Market Forecast
This one is going to be a challenge. It is an election year. The economy is in turmoil. The Portland and national real estate market has been unsettled since 2020. It boomed until mid-2022, then screeched to a halt with historic (in terms of the fast rate of increase) interest rate hikes. The 2023 Portland […]
Portland, Oregon Real Estate Market, August 2024 Report
Available home inventory has increased significantly and more homes are undergoing more price drops, which is creating a cooler housing market that will increasingly benefit homebuyers. Pending sales have decreased but buyer traffic has remained constant and average prices are stable, indicating that there are still opportunities for sellers. As buyer traffic wanes and inventory […]
Portland, Oregon Real Estate Market, July 2024 Report
Home buyer traffic is beginning to taper off and available home inventory is increasing more significantly, shifting market conditions to favor home buyers. Pending sales have increased slightly and prices have continued to remain stable however, leaving room for sellers to benefit from the lingering effects of the Spring selling season. With the expected decrease […]
Portland, Oregon Real Estate Market, June 2024 Report
A considerable drop in home buyer traffic combined with a significant increase in available home inventory have begun to cool down the Portland housing market. However, there was a modest increase in pending sales while prices remained stable, signifying that the market retains some strength. The time for sellers to list their homes is now, […]
Portland, Oregon Real Estate Market, May 2024 Report
The high level of home buyer traffic we saw early in Spring is beginning to wane a little due to the recent increase in mortgage rates (yet numbers still remain high) while home inventory is starting to climb. These market shifts have stabilized prices, which may begin to decrease in the coming weeks if these […]
Portland, Oregon Real Estate Market, April 2024 Report
Portland home buyer traffic is steadily increasing while home inventory has stabilized (yet showing signs of increasing in the near future) and consequently, home prices are climbing higher and setting the market up for an active spring season. Sellers will benefit from increasing buyer competition over the coming months, and home buyers should act fast […]
Portland, Oregon Property Taxes Among Highest in U.S. – Mostly Stable in 2024
In 2023, Portland voters approved two measures that will affect property owners. One that voters chose to renew continues to support education programs and food security for children while also helping foster children and youth to succeed. The second renewed a five-year levy to sustain emergency fire and medical services for Riverdale residents. Home prices […]
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 […]
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
