Portland Real Estate Market Forecasts

Every year Stephen FitzMaurice, Realtor, top 1% agent in the U.S. writes dedicated Portland real estate market forecasts to help buyers and sellers make long term decisions on home ownership. He also writes annual articles on the best time of the year to sell a home and the best time of year to buy a home, as well as a wide variety of news articles on the Portland real estate market itself.

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

Portland, Oregon Real Estate Market Forecast for 2023 – Updated

September 5, 2022

The Portland, Oregon real estate market has had a tremulous 2022 with soaring prices combined with historically low inventory in quarter one and two, and then soaring inventory with stagnant prices in quarter three (and significantly fewer closed sales, reduced homebuyer activity) and soon to be falling prices in quarter four. Of course, the main shift in the market came from rising mortgage interest rates. There is a lot of concern in the real estate industry with a focus on what to expect in 2023. We initially wrote this forecast in early Sept. 22, and will keep those results and update them, giving a final 2023 real estate forecast, now that we are closer to end of 2022. We’ll start...

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. Summer 2022 Market Forecast Update. Since writing this forecast at the beginning of the year, the aggressive increase of interest rates (by more than double previous rates) has caused an unexpected slowdown (at least more of a slowdown than was previously projected). All major industry news portals have revised and reduced their real estate market outlooks. Looking back at Q1 we say skyrocketing home prices in the greater Portland metro area and will still likely see some increase in Q2. However, it...

2022 Portland Real Estate Market Forecast (Prelim.)

August 13, 2021

The Portland real estate market has been on a wild ride since early 2020. The real estate market here was actually slowing and becoming more affordable back in 2017, and that trend continued until the pandemic hit. Year zero, or 2020, was the most unusual in my real estate career (licensed for 18+ years now in town). 2021 returned to seasonal selling norms (slow in winter, fast in spring, slower in the late summer months), and those market trends look like they will continue in 2022. Every year since 2003 (when I started keeping track) the Portland real estate market has followed the same seasonal trends, even in the previous hottest (2006, 2016) or slowest years (2008-2011). So if you’re...

Portland Real Estate Market Forecast 2021 – A Boom Year

January 9, 2021

Each year we research and put out two Portland real estate market forecasts, one in the fall prior and one in January of the new year. Every year until now those two forecasts have lined up fairly closely. In 2021 we have a different story to tell. First off, it is important to realize that when you have an ever-changing powerful force (like a worldwide pandemic) normal factors that make for an accurate real estate forecast can be easily blown off track. Now that we have had enough real estate market time dealing with COVID19 and we have a clear path to a vaccine, it has become much easier to forecast than it was this fall. Quick summary to catch...

2021 Portland Real Estate Market Forecast

August 25, 2020

The 2021 Portland real estate market is full of uncertainty, but we’ve experienced enough of the post COVID19 housing market to have some confidence in creating a solid forecast. We will follow up with a second housing market projection in Jan. 2021, but this should be a good guide to any home buyer or seller in the Portland real estate market today. First we will start with a collection of real estate industry predictions: 2021 National Real Estate Market Predictions -1.5% Housing Price Drop, Zillow -6.6% Housing Price Drop, CoreLogic 2021 Portland Real Estate Market Forecasts -2% Housing Price Drop, Zillow +1% Housing Price Increase – My Prediction Will my Home Increase or Decrease in Value in 2021? Honestly that...

2020 Portland Real Estate Forecast (final)

January 31, 2020

This is our final Portland housing forecast for 2020, updated from our first prediction written in August. In this article we are going to address the financial market indicators that bolster a relatively stable real estate market prediction. We are going to address interest rates, housing affordability, foreclosure rates, construction rates, and crime statistics. See the initial 2020 forecast for a break down on your home’s value forecast based on specific criteria, such as its price range and the type of home you own. Of course for an exact home value estimate or forecast of your property, if you’re considering selling in the next year or two, call us direct and have us out to meet with you. Portland Real...

2020 Portland Real Estate Market Forecast

August 30, 2019

Here is our first 2020 Portland real estate market forecast. We will follow up with a final forecast in January. Below are early housing market forecasts from other sources about the entire country’s real estate market in 2020 and Portland Oregon’s housing market specifically. There are not a lot of early predictions, which is why we will follow up with a final forecast in early Jan. for 2020. National Real Estate Market 2020 Predictions Zillow Housing Forecast = +2.2% CoreLogic Housing Forecast = +5% Portland Real Estate Market 2020 Predictions Zillow Portland Forecast = -2.1% My prediction = -3% Will my Portland Home Value Increase or Decrease in 2020? First we have to determine what type of Portland home you...

2019 Portland Real Estate Market Forecast (final)

January 4, 2019

Here is our final Portland housing market forecast for 2019. Below are the real estate industry market forecasts for national and Portland housing prices in 2019. 5 National Real Estate Market 2019 Predictions: Zillow – 6.4% Increase Realtor.com – 2.2% Increase Veroforecast – 4.3% Increase Corelogic – 4.8% Increase Freddic Mac – 4.3% Increase 3 Portland Real Estate Market 2019 Predictions: Zillow – 2% Increase Realtor.com – 5% Increase My final prediction – 3% Increase Portland homes expected to decrease in value in 2019: Whatever dropped in 2018 will continue to drop in 2019. Throughout the Portland metro condos priced over 300K fell in value. Homes priced over 600K fell in value. As a general rule in the Portland metro in...

2019 Portland Real Estate Market Forecast (1st)

August 6, 2018

Here is our early 2019 Portland real estate market forecast. We will follow up with our final 2019 housing market forecast this coming January. Below are early real estate industry housing forecasts for the country and for the Portland market. National Real Estate Market 2019 Predictions: Zillow 6.6% Housing Price Increase CoreLogic 5.1% Housing Price Increase Realtor.com 5% Housing Price Increase Portland Real Estate Market 2019 Predictions: Zillow 2.1% Housing Price Increase My prediction 1.5% Housing Price Increase Will my Home Gain or Lose Value in Portland in 2019? If you own a luxury home or a condo in the Portland metro area, chances are decent your property has already started losing value in 2018 and will continue to lose...

2018 Portland Real Estate Market Forecast (final)

January 8, 2018

Here is our final Portland real estate market forecast. Below are the real estate industry forecasts for housing price increases in 2018. 6 National Real Estate Market 2018 Predictions: 3.2% housing price increase – Realtor.com 3.2% housing price increase – Zillow 4.0% housing price increase – VeroForecast 4.6% housing price increase – Federal Housing Finance Agency 4.7% housing price increase – CoreLogic 4.9% housing price increase – FreddieMac 4 Portland Real Estate Market 2018 Predictions: 3.7% housing price increase – Zillow.com 4.98% housing price increase – Realtor.com 5.5% housing price increase – My prediction 8.3% housing price increase – VeroForecast 5 reasons why Portland housing prices will increase in 2018: Portland’s population growth will continue to slow but is higher...