Portland, Oregon Real Estate Market, December 2023 Report
November 24, 2023
The Portland housing market is continuing to cool down with the winter season and prices are at their lowest point for the year. Buyer traffic is steadily dropping while detached home inventory remains high, negatively impacting the number of sales. These cooler market conditions will work to the advantage of motivated homebuyers before inventory drops further in December. Let’s take a closer look at the numbers and statistics that are shaping current market conditions. Portland Home Buyer Traffic Continues to Drop Buyer traffic has continued to decrease throughout the fall season following the regular pattern of our local real estate market, which experiences a cooling period as Fall approaches followed by slower activity for the remainder of the year. As...