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!

Lake Oswego Real Estate Market Update and 2022 Forecast

October 29, 2021

Lake Oswego is one of Portland’s most popular suburbs for professionals and families of all kinds. Residents move to this city, located a mere 8 miles from Portland, to enjoy its natural beauty, excellent public educational system, and sense of community. Of course, there is its name sake, Lake Oswego with surrounding parks and water activities. Then Lake Oswego also boasts its own downtown shopping area and is known for its highly rated schools and low crime rates. As we near the end of 2021, let’s take a look at how the real estate market in this desirable Portland suburb compares to the current Portland metro real estate market. Current Lake Oswego Real Estate Market October 29th, 2021, numbers from...

portland real estate market fall

Portland Real Estate Market – 4th Quarter 2021

October 18, 2021

It’s no secret we’re living in unprecedented times in the world of real estate. Market prices have risen across the country and so have home inventory supply and demand issues, all induced by the pandemic. However, according to the National Association of Realtors, the real estate market is slowing down this fall, median sales prices dropped 8.3% from June to August, nationally. They also found that the supply of homes on the market has leveled out and remained static since May of 2021. Does this indicate a cooling off period in the real estate market? And how does Portland align with national indicators? Let’s take a look as we near the end of 2021. Median Sales Prices for Portland Homes...

portland property tax

Portland Property Taxes Going Up in 2022

October 15, 2021

Multnomah County passed a new measure in May 2021 that will impact property tax payers in Portland in 2022. This is in addition to the three new measures passed in November 2020 and the usual 3% increase Portland homeowners see every year. Additional measures could be voted on in November 2021 that will increase property taxes locally in 2022. Why Do Property Taxes Go Up Every Year? In Portland, the 3% increase is based on a calculation that multiplies a home’s assessed value by the current going tax rate, which varies by county and city. In Oregon, the assessed value of a home for tax purposes is calculated by determining the value of the home in 1995, and adding 3%...

Portland’s Hottest Real Estate Suburb, Surprise! – Mt. Hood

October 8, 2021

Without a doubt, the Mt. Hood area is known as a prime vacation and recreation spot for visitors. But with more and more city dwellers looking for solitude and space, Mt. Hood is becoming a popular real estate market for Portlanders. In fact, we’re adding it to our list of Portland’s hottest suburbs because the demand for this area far exceeded all other Portland real estate market suburbs in 2021. Nestled at the base of Oregon’s highest peak are several small towns, each with its own personality, all of which comprise the villages of Mt. Hood. Why not take a day trip to explore and see which one is right for you? Start with Brightwood and work your way south...

portland new home construction

Portland New Home Construction Up or Down by the End of 2021?

September 27, 2021

2020 marked a noticeable drop in residential construction in the Portland Metro area due to the pandemic. In 2021, not much has changed. In fact, we’re seeing a marked slump in new home construction, despite recently passed, truly historic, higher density zoning rules in Portland. Let’s see how the Rose City is faring so far this year. This city of Portland website shows the numbers of issued, under review, and finaled (building has been completed) new home construction permits in Portland, Oregon. Let’s compare Portland’s 2021’s new home construction numbers to date with the past six years. 2015 931 2016 980 2017 917 2018 967 2019 697 2020 500 2021 571 Portland New Home Construction Permits Issued by Year As...

portland adu guide

Portland ADU Guide, 2022. Two Per Lot and Less Restrictions

September 24, 2021

Now that Accessory Dwelling Units (ADUs) are allowed in every city in Oregon, Portland will likely see an influx of home additions and new ADU construction, especially with the passing of the city’s Residential Infill Project (RIP) that went into effect this August 2021. If you’ve been toying with the idea of adding an ADU to your property, the new ADU guidelines will make it easier than ever before. Use the link to see the new 2021 official ADU rules. It is only six pages long, but packed with all the necessary information to get started. Additional Dwelling Units can enable you house a family member or make steady passive income, and you’ll also help manage Portland’s density problem. Two...

milwaukie oregon real estate

Milwaukie Real Estate Market Report and 2022 Forecast

September 17, 2021

Of all the Portland suburbs, Milwaukie is one of the most charming with its rich history and focus on quality of life. This little burg offers Oregon homeowners and home buyers the best of both worlds—the serenity of small-town living and easy access to the city.   After a surge in the real estate market, Milwaukie is holding steady despite a lack of inventory, a common issue in the Portland area. It seems that many potential home buyers are becoming hip to all that Milwaukie has to offer. Thanks to the MAX, Portland’s acclaimed light rail system, Portlanders who work in the city are looking to Milwaukie for their next home. If you’re dreaming of a change of pace yet...

portland real estate density infill

A 6,000 Square Foot, 35 Foot High, Six-Plex can be built next to Your Portland Home.

September 13, 2021

The Portland residential infill project is now live. The high density Portland plan went into effect August 1st, 2021. Initial public comments on the revolutionary, highly contested plan exceeded 15,000. The details of the plan are so extensive, the City of Portland has assigned a dedicated phone number and email for it, and the RIP PDF manual is nearly 300 pages long. Portland Residential Infill Project Map Most of Portland city proper is affected by the RIP plan and most areas will allow a 6,000 sq. ft. Six-plex to be built next to your Portland home. These huge buildings won’t be restricted to busy streets or street corners. One can expect to see them pop up next to any home...

beaverton real estate

Beaverton Real Estate Market and Forecast for 2022

September 6, 2021

The Beaverton Real Estate Market is Cooling Off You can see the fall cooling effect on the Beaverton, Oregon real estate market above in slowly increasing inventory numbers, increasing average days on market, and increasing price drops. The Portland metro real estate market is seasonal and this cooling is expected each fall. The seasonal aspect of the real estate market here is so strong we write an annual report, a month-by-month break down of the best times to buy or sell. Cooling off here is a relative term as the market still favors sellers overall at the moment, but it will continue to soften as we approach the holidays. The Beaverton Real Estate Market September 2021 The Beaverton real estate...

portland real estate market fall

Portland Real Estate Market Fall 2021 Update

August 27, 2021

The Portland real estate market has been on a tear, following a national estate trend for 2021. Portland proper and all metro suburbs are up in price this year from 10% to 20%. See how each Portland suburb market has fared so far in 2021 here. This is after the Portland real estate market was cooling (from 2017 to early 2020) and looked like it would end up cold by 2022. Instead, due of course to the national COVID19 impact, we are predicting a positive increase in Portland housing prices in 2022, and currently, there are no national real estate industry partners forecasting a drop in the 2022 national real estate market. The Portland Real Estate Market Cools in the...