Portland, Oregon Real Estate Market, November 2023 Report

The Portland housing market is currently marked by inventory saturation, reduced buyer traffic and diminishing sales. These conditions are working in favor of buyers by providing greater choice and more competitive pricing. With a likely drop in inventory over the next several weeks, these ideal conditions may not last long, though the market should continue […]

Portland, Oregon Real Estate Market, October 2023 Report

The market has turned to favor buyers as housing inventory increases while the number of pending sales continues to decrease. The corresponding decrease in prices resulting from high supply and a lack of demand are creating ideal buying conditions that will benefit buyers until inventory begins to drop again (likely) in October. Let’s take a […]

Portland, Oregon Real Estate Market, September 2023 Report

Decreasing buyer activity and increasing inventory is leading to price drops, signaling the beginning of the end of the seasonal spring and summer seller’s market. Both trends will likely continue – leading to the favorable buying conditions of more available homes and less competition – throughout September, until inventory typically starts to drop again in October […]

Portland, Oregon Real Estate Market, August 2023 Report

June’s balanced market led to growing inventory and a decline in buyer activity in July, creating the conditions that will lead to a buyer’s market as soon as mid-August, but likely in September. A relatively reasonable rate of housing inventory and a decent amount of buyers means sellers can still enjoy the last lingering effects […]

Portland, Oregon Real Estate Market, July 2023 Report

After the seasonal selling peak in May, inventory continues to increase in June, leading to an increase of days on the market. We are currently experiencing a more balanced market, with slowing buyer activity, rising (but still low) inventory – conditions that can still benefit buyers and sellers. Looking ahead to July, we expect a continued […]

Portland, Oregon Real Estate Market, June 2023 Report

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 […]

Portland Real Estate Market, May 2023 Report

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 […]

Portland Real Estate Market, April 2023 Report

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 […]

Portland Real Estate Market, March 2023 Report

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 […]

Portland Real Estate Market, February 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 […]

Portland Real Estate Market, January 2023

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 […]

Portland Real Estate Market, December 2022

The big story for the Portland real estate market as we approach December 2022 is the lack of sales due to home buyers pulling back. While that is the headline, we will get into all the statistics behind the drop in sales here. Inventory is High, But Finally Dropping Now inventory isn’t falling as fast […]

Portland Real Estate Market Update, November 2022

In recent updates, we’ve reported that Portland’s real estate market has shifted from the hot seller’s market we’ve been navigating for the past two+ years into buyer’s market territory. Inventory has climbed and prices are starting to drop. While it is normal for fall to be a better season for home buyers and spring to […]

Portland Real Estate Market, October 2022

The national real estate market has seen unprecedented times over the past two years, and the Portland real estate market is no exception. From monthly market reports for Portland proper to updates for the city’s surrounding suburbs, we’ve consistently tracked how the real estate market has unfolded to give you a clear idea of the […]

Portland Real Estate Market Update September, 2022

Continuing its turn away from the hot seller’s market we’ve been in for the past two years, the Portland real estate market is still experiencing decreases pretty much across the board, except for home prices (not yet anyway), based on numbers from the most recent RMLS report. You can track how the Portland real estate […]

Portland Real Estate Market Update August, 2022

Now that we’re into summer, a time when real estate sales typically increase, the biggest news is that we’re starting to see the slow turn toward inventory exceeding buyer traffic that we wrote about in July, 2022. With significant decreases in both pending sales (-27.5%) and closed sales (-16.8%) across the city, and inventory increasing […]