Portland Real Estate Market

Our local 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. We write Portland housing market forecasts twice a year, an annual best month of the year to sell or buy a home article, population growth articles, Portland development articles, articles on real estate market trends, housing affordability, articles on Realtors themselves, and much more. Enjoy!

Portland Real Estate Market Home Prices – 2022 Report

February 11, 2022

As we enter spring 2022, we thought we’d take stock of Portland real estate market prices to see where things stand and maybe get a clue about what they might mean for the market moving forward. We took a look at each quadrant of the city and checked the last monthly average sales prices, year-to-date average sales prices, recent closed sales, year-to-date closed sales, average days on the market, and price increases. Before we get to those numbers, though, here’s a look at Portland’s overall real-time market profile as of the writing of this article. From this chart, we can see the continued decrease in inventory and the continued increase in prices, along with other telling information. Normal seasonal trends...

portland real estate market

Portland Real Estate Market Update – January 2022

January 24, 2022

As we move into a new year, we’re looking at real estate trends in Portland to see where we stand and where we might be headed. Let’s take a look and see what’s happening right now. Is it a Buyer’s or a Seller’s Real Estate Market in Portland? Anyone who watches real estate market trends knows that everything tends to cool down in the fall and winter. While there have been subtle ups and down in buying throughout 2021, we’re still seeing rising home prices and a dip in inventory, all of which make it a strong seller’s market heading into 2022. We recently published our 2022 Portland real estate market forecast based on turn of the year numbers. According...

Portland Rent vs. Buy a Home – 2022 Statistics

January 21, 2022

Homeownership makes people happy. No really. Study after study shows that homeownership positively effects a person’s life in more ways than financial security. The below is a report from NATIONAL ASSOCIATION OF REALTORS® research division, article, “Social Benefits of Homeownership and Stable Housing.” Rohe and Stegman found that low-income people who recently became homeowners reportedhigher life satisfaction, higher self-esteem, and higher perceived control over their lives. 26But the authors cautioned on the interpretation of the causation since residential stability was notcontrolled for. Similarly, Rossi and Weber concluded that homeowners report higher self-esteemand happiness than renters. 27 For example, homeowners are more likely to believe that they cando things as well as anyone else, and they report higher self ratings on...

moving out of portland oregon

Are People Moving out of Portland? Population 2022 Update

January 17, 2022

What has happened to Portland over the past two years in terms of population growth? While it may seem to reason that with all Portland has endured—social unrest and the riots of 2020 overlapping the pandemic—residents would have left in search of serenity or safety. The statistics lead us to telling two different stories within the Portland metro. The growth of Portland suburbs (the whole metro) and the growth within the official City of Portland boundaries (the city proper). The research here was done by the fantastic PSU population center and results go through summer 21 and were just recently certified. The Portland metro is often called the tri-county area and is made of up three counties: Multnomah, Clackamas, and...

2022 portland real estate market forecast

Portland Real Estate Market Forecast 2022

December 31, 2021

We looked for anyone forecasting a decline in home prices in 2022 nationally or locally and couldn’t find a single reputable source. The lowest forecast for the nations real estate market in 2022, is Realtor.com’s 2.9% increase prediction. When looking ahead to 2022, you may be interested in knowing the best month to buy or sell a home (we rank each one). Seasonal norms came back in 2021, with spring (March – May) performing the best for home sellers and fall (August – October) performing the best for home owners. We predict the 2022 real estate market will follow similar seasonal norms. Buying or selling at seasonal peaks give you a 10% boost in your sales price or in your...

portland real estate market bubble crash

Portland Real Estate Bubble – Housing Crash 2022

December 22, 2021

Ever since COVID hit the U.S. economy and real estate market has been acting strange. Confusion and concern often lead the way. But despite the ups and downs over the last couple of years, the real estate market has continued to maintain strong demand as inventory has remained low (even historically so) and prices have skyrocketed. But what will happen to the Portland real estate market in 2022, will the bubble finally burst or will prices continue to rise to unseen heights? In order to understand the likelihood of a real estate market boom or bust we need to survey the structure of the local real estate market. There are two foundations with multiple pillars: ability to buy a home...

Portland Real Estate Market Report December 2021

December 17, 2021

The Portland real estate market typically experiences a cooling down in winter every year, and so it has been true in 2021. But exceptionally low inventory is keeping the winter Portland 2021 real estate market, at least slightly, in the seller’s favor. December’s Portland Real Estate Market 2021 Today’s Portland real estate market is defined by price drops, increased market time, low buyer traffic, even lower inventory, and steadily increasing prices – all at the same time. Looking at the chart below, notice over one third of homes on the Portland real estate market have had a recent price drop. Average days on market is much higher than summer or spring (was hovering around 20-30 days) at a whopping 42...

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Take the Portland Real Estate Quiz

December 16, 2021

How well do you know Portland Real Estate? Let’s test your knowledge. Your score and appropriate ranking will appear after you submit your selections. Good luck! Stay Informed on the Portland Real Estate Market Subscribe to our top 100 real estate blog in the world, covering the greater Portland metro area. We write annual market forecasts, reports on the best time to sell or buy, updates on major events, construction rates, zoning changes, reports by property type such as foreclosures, short sales, condos, single-level properties, ADU values and much more. Trusted Portland Real Estate Advisors We hope you enjoyed our Portland real estate quiz! Our small, but top performing real estate team has been selling homes in Portland since 2003....

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Top 7 Real Estate News Stories of 2021

December 6, 2021

COVID-19 has, without a doubt, impacted the real estate market from decreases in interest rates and inventory to increases in zoom towns and home prices. While we are still not out of the woods with the pandemic’s influence on the market, we’ve been watching to see how it’s all unfolding. We’ve consulted some of the top sources in the country to see how things look on the national real estate landscape. While COVID has been front and center in all news, including real estate, it’s not the only news. Here, we’ll share what’s happening across the country and here at home to help you stay informed whether you’re just entering the market for a new home or have been following...

For Sale By Owner Homes Sell for 14% Less – 2022 Report

November 29, 2021

In 2021, 90% of homeowners in the real estate market nationwide sold their home using a real estate agent or broker, according to the National Association of Realtors. That was on par with 2019-2020 and slightly lower than 2018 (91%). Only 7% of home sellers sold their homes For Sale by Owner (FSBO). For sale by owner homes sold for much less in 2021 than homes represented by real estate agents, 14% less, which we will explain here. For Sale By Owner Rates Have Dropped Consistently Over the Years The 7% of FSBO home sales in 2021 was down by 1% from 2020. The For Sale By Owner rate has been steadily dropping since the NAR first began keeping track...