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

Top 5 Real Estate News Stories of 2023 so far.

June 5, 2023

It’s been a riveting year in the Real Estate industry as we approach the end of the first half of the year. Global trends and local nuances intertwine to shape a narrative that’s as complex as it is fascinating. We will explore the top five real estate news stories 2023, each bearing significant implications for homeowners, investors, and industry professionals. First, we’ll examine the financial changes shaking the mortgage industry as rates have climbed to their highest level in 13 years. This macroeconomic shift is sending ripples across the housing market, affecting everyone from first-time buyers to seasoned investors. Next, we’ll explore the seemingly unstoppable rise in home prices. With values reaching record highs, we’re left questioning what’s driving this...

Portland, Oregon Real Estate Market, June 2023 Report

May 26, 2023

The spring housing market likely hit its final peak in May as buyer traffic grew and inventory remained low. June will likely be a slightly slower month than May as inventory starts to climb. So far this year is staying within normal season cycles where the spring is the best time to sell and the fall is the best time to buy. June will still be a good month to sell, just not as strong for sellers as May. Housing Inventory is Low while Buyer Traffic is High Traffic from our last report was hovering in the 19,000 a week range, and has since increased to the 20,000 range in May. Buyer Traffic has Warmed up Above are weekly buyer...

real estate cash offers

In 2023 so far, 19.92% of homes sold for cash.

May 12, 2023

Local Real Estate Market Research Licensed since 2003, I’ve had to handle a lot of my client’s questions along the way. My small team is approaching 3,000 local home sales. So you can multiply that number by say a dozen and get a rough idea of the number of questions coming my way. One of my favorite ways to answer starts with, “I wrote a greater Portland real estate market research report on that and the answer is _.” The Impact of Cash Offers Home buyers and home sellers want to know how much cash is getting thrown around in the greater Portland metro real estate market. Home buyers want to know because they’re concerned their financed or even contingent...

portland condo market

Portland Downton Condos VS. Rest of Condos in the Metro, 2023 Report

April 24, 2023

Condos can be a great lifestyle choice for a home buyer that doesn’t have time or patience for routine home and yard maintenance issues. It can also be a great choice for a home buyer looking to purchase a second home, vacation property, or for someone who travels a lot and needs a low-maintenance homebased to return to. There are many reasons home buyers choose the condo lifestyle. Recent Market History for Condos in Portland, Oregon There are also many reasons why the Portland, Oregon condo market has been struggling since 2018. From 2017-2020 the heavy development of multiple luxury apartments in key locations (inner-eastside and downtown) have pulled potential condo buyers into high-rise luxury rental markets instead. Then the...

Portland Real Estate Market, May 2023 Report

April 14, 2023

While spring warms the earth around us and nature responds with new growth, the housing market is also warming up with activity. Buyers and sellers are more motivated, and inventory is currently increasing as selling conditions become more desirable with a steady stream of new homebuyers entering the market. Housing Inventory and Buyer Traffic is Rising As expected, inventory is currently increasing as the market warms up to receive the influx of new buyers typically motivated by the advent of Spring. Right now we’re seeing a relatively low supply of homes compared to buyer demand resulting in slightly increased prices, and the current levels of each suggest that rising prices will continue for a short while at least (until inventory...

lake oswego real estate

Lake Oswego, Oregon Real Estate Market, 2023 Update

March 31, 2023

Each month we highlight the real estate market of one of Portland’s many desirable suburbs in our Portland Suburb Real Estate Market Reports. This month we will take a look at the desirable Lake Oswego, which lies 8 miles south of Portland in an area known for its natural beauty, thanks to its namesake, Lake Oswego, which is surrounded by parks and provides residents with access to endless water activities. Lake Oswego also boasts a highly rated public educational system and its neighborhoods exude a sense of community. Our focus with this article is to provide an overview of the current real estate market conditions in Lake Oswego, Oregon. Lake Oswego Real Estate Inventory has Stabilized Inventory in Lake Oswego is starting...

Portland Real Estate Market, April 2023 Report

March 24, 2023

As we move into April 2023 after a period of market stabilization, we can anticipate that the Portland housing market will start to warm up as more new homes are listed and buyers become more active. Inventory has been declining since the start of the year and home sales have been rising to meet the supply, and with the market reinvigoration that comes with Spring, we can reasonably expect sales to continue in an upward trajectory. Portland Inventory Has Likely Bottomed-Out and Will Rise in April We are currently positioned on the brink of a wave of new home listings typical of the Spring housing market, so inventory should start climbing as well. But despite an increase in inventory, if...

Are People Moving Out of Portland? A Population Update for 2023

March 6, 2023

What is happening in Portland these days in terms of population growth? After the massive surge in Oregon’s population over the decade from 2010-2020, with growth of 10.6% leading up to the disruption of the pandemic, what factors have affected Portland’s population over the last three years? Let’s take a look at the most recent trends influencing population fluctuations in and around the Portland Metro area. As we shared in our last population update, the statistics since 2020 continue to tell two different stories within the Portland metro. The population growth of Portland suburbs (the whole metro) and population loss within the City of Portland’s official boundaries (the city proper). Portland Population Decreased in 2021 There was already a slight...

newberg oregon real estate

Newberg, Oregon Real Estate Market, 2023 Update

March 3, 2023

We like to stay informed on the real estate market activity in Portland’s suburbs and share our findings with you in our Portland Suburb Real Estate Market Reports. In this article we bring our focus to the suburb of Newberg, which lies 24 miles southwest of Portland and offers an appealing rural lifestyle with easy access to the city’s amenities. Voted #4 by USA Today in their ranking of the 10 Best Small Town Food Scenes in 2022, and known as the “Gateway to Oregon’s Wine Country” with a number of vineyards in its lush countryside, Newberg holds plenty of appeal. In this article, we’ll focus on how the real estate market is performing in Newberg, Oregon. Newberg is Experiencing a Decline in Real...

portland real estate market

Portland Real Estate Market – 15 Years After the Crash

March 1, 2023

It has now been 15 years since the U.S. housing bubble burst in 2008, and the recession that followed was an unexpected windfall that took the Portland housing market many years to recover from. Ten years later economists were claiming that the economy had rebounded – just as the housing market began to cool down again. However, with the onset of the global pandemic, no one expected the volatile housing market we currently find ourselves in. Learning from the circumstances that led to a housing bubble in the first place and how the economy has responded since can inform our buying and selling decisions today. In addition, many home buyers currently entering the Portland housing market may not have experienced...