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

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...

portland home prices

East Vs. West Home Price Battle. Which Portland Half Sells for More?

February 27, 2023

Before you answer, the west side obviously, I’m going to run a little more nuanced experiment. The east side of Portland is a lot bigger and stretches out a lot further away from the downtown city center, while the west side is geographically smaller and closer in to downtown. The highest-priced east side neighborhoods like the desirable Alameda and Irvington neighborhoods in NE Portland, and the Mt. Tabor and Sellwood neighborhoods in SE Portland are also relatively close in to downtown. What if we compared home prices between east and west Portland while using 82nd street as a boundary? Then all the Portland real estate we would be comparing would be in much closer proximity to the center of the...

Portland Real Estate Market, March 2023 Report

February 24, 2023

As we enter March 2023, the real estate market in Portland, Oregon is continuing to stabilize after a difficult fall season for sellers, when inventory far exceeded the number of available buyers – who were dropping out due to the pressure of high mortgage rates. Inventory is on the decline and home sales are starting to outpace supply, setting us up for a strong (but temporary) seller’s market. The market remains cooler than at this time last year, with new listings and both pending and closed sales at considerably lower numbers than in 2022. The effect of the holidays on the Portland real estate market every year is that it eliminates excess inventory, preparing the market for a productive spring....

top 10 real estate news stories

Year in Review. Top 10 Real Estate News Stories in 2022

January 27, 2023

As we move further from the unforeseen ways the world was reshaped in 2020, notably the real estate market, there have been lasting impacts, such as in the way we list and sell homes, and many other ripple effects as the market adjusts. 2022 was yet another historic year in the real estate market, with record breaking highs and record breaking drops. We will recap the top 10 news stories. 1. Mortgage Rates are at a (Recent) All-Time High The biggest story affecting the real estate market in Portland last year was the sharp increase in interest rates due to federal hikes, which likely won’t be lowering anytime soon. As inflation continued to impact the cost of groceries, gas, airfare...

Pittock Mansion portland real estate

Portland Real Estate Market, February 2023

January 20, 2023

As we head into February 2023, we’re seeing the stabilization of a falling real estate market in Portland, Oregon. Fall 2022 was brutal for home sellers as inventory far exceeded the number of available buyers (due to so many dropping out with the higher rates). As we moved to the end of 2022, there were less sellers than normal listing their home on the market, and while some homes sold others cancelled entirely. The holidays have a wonderful effect on the Portland real estate market every year. The season wipes out excess inventory and sets up the market for a good spring. The reason why spring is typically always the best time of the year to sell a home is...

portland real estate winter

Portland Real Estate Market, January 2023

December 26, 2022

As we enter the new year, the most significant trend we’re seeing in the Portland real estate market is a marked slowdown in both home buying and new listings for sale. This is expected at this time of year when potential buyers and sellers are channeling their energy into holiday preparations and moving plans are typically put on hold. Check out the statistics that are shaping our current real estate market. Inventory is Dropping as Expected The number of homes on the market has continued to decline sharply since October, following its usual trend of tapering off as we approach the holidays. At the same time, inventory remains higher than it has been over the past two years. Lower inventory...

portland oregon property taxes increasing

Portland, Oregon Property Taxes Among Highest in U.S. – Rising Again in 2023

December 12, 2022

In November 2022, Portland voters chose to renew a handful of property tax-supported measures that will benefit schools, protect natural areas and enhance emergency fire services. Voters also approved two new bonds that will be financed by property taxes. These recently passed measures, in addition to Portland’s tax structure for properties, will lead to higher taxes for home and business owners in 2023. Portland, Oregon Property Tax Rates Among the Highest in the Country and are Still Rising It is hard to get effective statistics on property taxes across the country as they are modified by so many different bonds and levies, in addition to set formulas. Typically, only research firms compiling reports can make accurate comparisons. According to a...

portland real estate crash

Portland Real Estate Bubble – Housing Crash 2023

December 9, 2022

I’ve been selling in the Portland real estate market since 2003, and writing about it since 2008. Each year I write an article like this one, to gauge the level of likelihood of an upcoming Portland real estate market crash. The Portland real estate market, did bubble up in the past, and crashed in 2008-2011 or so. Will it crash again in 2023? In order to answer this question we will look at some economic fundamentals. Although, I must say to start, from 2012 to early 2020, there were almost no signs of a slowing market or a bubble, until we hit 2020 and prices went haywire. There are two fundamental questions we have to ask to determine if the...