Portland real estate market 2020. But since then, home buyer traffic has leveled off.

Portland real estate market 2020. Low inventory. But there have been a couple of other important stories that you may have missed in the crisis. Get insights for buyers, sellers, and investors on pricing, demand, and opportunities. 5 baths, 5786 sq. 7% compared to last month • Down 21. When we look at the last 12 month period, we've seen an increase in Our Oregon and Southwest Washington real estate market data is updated quarterly to aid in your real estate forecasts. When considered over the long term, however, Portland's real estate market still offers good investment opportunities for home buyers. • Up 8. Buyers are out in force, especially with the lowest interest rates ever thanks to a perfect storm of nightmarish current events. The Home Energy Score program has revealed the areas of opportunity for Portland’s housing stock to become safer, healthier, more efficient, and less air- and carbon-polluting. housing gained about $2. 2% after the completion of the MAX Orange line, connecting this formerly affordable suburb to Portland. 6% compared to last year, selling for a median price of $315K. Portland area Realtor, Andy Harris, shares his thoughts - which are backed by data - on what the latest news and trends are with the residential real estate Krista Britton and David Caldwell recap the Portland Oregon real estate market for 2019 and give some thoughts on how to handle being a buyer or seller in 2020. Apr 1, 2025 · The following report provides a comprehensive overview of the U. Know the latest updates here! One positive thing we can always look back to in 2020 is the real estate market's performance. I sold foreclosures and short sales after the 2008 crash until they statistically disappeared by 2016. We often see a slow start with the new year, but this year was very different. 6% from $459,200 to $494,000. However, now that we’ve entered Apr 13, 2020 · April 2020 Portland Real Estate Market Report March 2020 is a Seller’s market* Home For Sale in March 2020: 1662 units. The Portland real estate market is cooling after a two-year hot streak. 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. The Portland condo market took an absolute beating in 2020 after slowing down for years prior to the start of the pandemic. This October, 2020 market update touches on several data points, including: *Closed sales *Pending sales *Active listings *Inventory levels *Portland median condo sale pricing *and more! If enjoy enjoy this video and Jan 15, 2021 · 2020 was a year like on other in the Portland real estate market. Portland Real Estate Market Forecast 2024 Licensed since 2003, with over 2,000 home sales, I write a Portland real estate market forecast annually. Curious to know how the Portland market did during Q4 2020? Click this post! Feb 11, 2020 · February 2020 Portland Real Estate Market Report Are you a buyer who feels like there are no houses to buy? Or when you find one you want you are up against 10 competing offers when you go for it? Well, here is why (check out that chart!) – we have the lowest level of homes on the market in a couple of years. But since then, home buyer traffic has leveled off. Enjoy!Contents:00:00 Intro But in the first quarter of 2020, there were 6,267 units sold, which is an increase of 5. 5 months of inventory. 5% compared to last year Home Placed under Contract in March 2020: Apr 1, 2020 · 2020 may be the year Portland’s pie-in-the-sky residential real estate market is coming—ever so slightly—back to Earth. Hillshire Realty Group, Inc's video Today we're talking about the Real Estate Market in the Portland Metro area. The Portland real estate rental market was pretty eventful for rental owners in Portland in 2020. We break down our data by county, but we cover major cities in this region including Portland, Salem, Vancouver, and Bend. S. Real Estate 2020 What hoods are both hot and cool? Is a buyer’s market on the way? Tinder for houses? You’ve got questions. The low rate of around 3% combined with reasons to move due to the pandemic cemented the real estate market as one of the strongest anchors in the nation’s road to economic recovery. The average Portland house price was $515K last month, up 3. Jan 27, 2021 · Portland residential real estate flexed all its muscles last year, except for inventory. That’s the final real estate market report for 2020. The chart below focuses on new arrivals to the Portland real estate market. 5 million residents. Now is the best time to sell. Jan 19, 2021 · Comparing 2020 to 2019 through December, the average sale price has increased 7. Data: Median sales prices for single-family existing homes for the rolling quarter ending in each month from January 2014 through November 2020, from the Maine Association of Realtors ®. Some parts of the Portland real estate market are cooling and are firmly considered a buyer's market, Portland Real Estate Condo Market, 2022 Recent history. It's May, 2020, and we're somewhere along the tragic timeline of the coronavirus pandemic. There’s graffiti everywhere, tons of great businesses have closed and commercial real estate is empty throughout the downtown core. The economy. My name is David Caldwell and I'm a Principal Real Estate Broker with Hillshire Realty Group. Mar 24, 2025 · See Portland multifamily market insights, trends and opportunities in 2025 from real estate experts for real estate investors. Buyer traffic is still stronger than in recent years, but inventory is higher, keeping pressure on sellers. We will follow up with a final forecast in January. The Real Estate Market is positively growing. Low interest rates. But in the first quarter of 2020, there were 6,267 units sold, which is an increase of 5. Use our state-of-the-art property search, including an interactive map search, to find homes for sale in Portland and our great metropolitan area. In an attempt to offset what was happening financially on the global scale, the Fed kept kept interest rates incredibly low. We had a 60% plus buyer traffic drop in March in 2020, then a full rebound by the end of July. Apr 17, 2020 · It is too early to forecast the COVID-19 pandemic’s duration and its long-term impacts on our local real estate market. for 2020. Jul 14, 2025 · Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. It boomed until mid-2022, then screeched to a halt with historic (in terms of the fast rate of increase) interest rate hikes. Inventory is down almost an entire month from May; a severe lack of homes on the market in the Portland Metro Area. Oregon's largest city, Portland, the "City of Roses," reported a 2024 population of roughly 639,448. Supposedly everyone is moving away because they’ve had enough and the taxes are some of the highest in the country. The pandemic. Portland Real Estate Foreclosure Rate – 2020 Report Over the past five years, the foreclosure rate in the Portland real estate market has been dropping, from close to 4% of total sales in 2015 to just under 1% this year. Sep 26, 2025 · Portland Real Estate Market Update – October 2025 After a busy summer, Portland’s housing market is showing signs of a seasonal shift. Reflecting on Portland's 2019 real estate market: from low mortgage rates to competitive bidding wars, discover the trends that shaped the year and what they mean for buyers and sellers. Below is a brief summary of what has […] Filed Under: Uncategorized Tagged With: ADU, DanniPDX Real Estate Real Estate Investment Properties for Sale in Oregon Looking for investment property in Oregon with high ROI ? Explore a variety of short-term homes & houses in Oregon. The number of closings increased almost as much, at 14. Look at this chart – there are no homes for sale. I'm pretty determined to buy, so I will, but this just ain't how it is supposed to be. ft. Feb 17, 2025 · Uncover the latest Portland Housing Market Forecast for 2025 and 2026! Will home prices drop? Find expert analysis, predictions & investment tips. While we do not expect inventory to increase dramatically, tight inventory has become the norm for the Portland real estate market in recent years. Except for the Wacky 2020 year, Home Selling is Seasonal in Portland. Overall, the number of contracts being signed increased by 14. No American city has fallen as fast as Portland, Oregon, in the eyes of national real estate investors. Know the latest updates here! Jun 6, 2025 · Despite the Oregon city’s struggles with crime, drugs and homelessness, the area’s housing market remains on steady ground. What will happen next in 2021? When I wrote Maine Home Connection is the only greater Portland real estate agency updating monthly home sales statistics on a regular basis. have been a hot topic for a while. Historical Oregon real estate data and trends are included below the latest update. The above chart is the total number of active homes for sale, including homes that have been lingering on the market and brand new listings. Oct 11, 2024 · Get insights into the Maine housing market trends, prices, and predictions for 2024-2025. Hear the Experienced real estate broker, Andy Harris, shares several charts and in-depth data to give you a taste of where the market has been historically, and where we might be headed. Census July, 2022 report. Learn more about our local markets and property types by clicking our most recent Portland MarketBeat reports below. Aug 21, 2025 · Portland Real Estate Market Update – September 2025 Each month, we track real estate trends across Portland to help buyers and sellers gain a better understanding of the local market. An overview of recent Portland, OR real estate sales and a look at how homes sold relative to list price. How has the COVID-19 pandemic impacted the Portland real estate market? Let’s break down the Q2 stats. Apr 14, 2025 · Portland Neighborhoods by the Numbers Home sale prices, rent costs, commuting habits, and demographic info for every neighborhood, from Buckman to Bridlemile, Hillsdale to Humboldt. The Portland and national real estate market has been unsettled since 2020. This October, 2020 market update touches on several data points, including: *Closed sales *Pending sales *Active listings *Inventory levels *Portland median condo sale pricing *and more! If enjoy enjoy this video and Are People Moving out of Portland? Population Growth 2024 Update It’s that time of the year again when we look at the growing (or shrinking) population of Portland and how it reflects in the Portland real estate market. Portland Rental Law: What Landlords should Know in 2021 For the latest updates on Portland rental law, past 2021, visit our reports here. Feb 27, 2025 · Portland-Vancouver-Hillsboro is the 25th most populated metro region in the US, with about 2. Now in August the real estate market here is still hot but cooling some (which aligns with a normal seasonal trend). What is the housing market like in Downtown Portland today? In June 2025, Downtown Portland home prices were down 23. The number of active buyers is clearly up as the overall number of new listings increased by 7% over May as well. 5 trillion in value in 2020 — the most in a single year This podcast is focused on the greater Portland metro area residential real estate market, and those home buyers and sellers that want to receive up-to-date, local Portland real estate market data and advice from a top, experienced local agent in order to make great decisions about buying or selling their next home. Apr 28, 2020 · Portland’s residential real estate market had a great start to 2020. Ever since the notable upswing in the Oregon population from 2010 to 2020, with a 10. In 2020, the Portland real estate market is split. There were 35 homes sold in June this year, up from 27 last year. APN R296960. The only part of the Portland real estate market still lagging after 2020 was condominiums. In the 2010s, Portland was a beacon for investors seeking a secondary market that offered a high quality of life and high barriers to entry, potentially Andy Harris, a Portland, Oregon metro residential Realtor, offers market information and thoughts about what's happened during the summer and early fall, 202 The Portland real estate market was already slowing prior to 2020, but over the course of the next two years it turned back into a hot sellers market. Curious about Portland industrial vacancy trends, leasing activity, direct vacancy trends, stability in the industrial market and more? Stay up-to-date with the latest market research from Kidder Mathews by subscribing to our commercial real estate market reports. For September, we’re seeing some trends hold as well as a continuation of August traits that deviate from seasonal norms. These efforts . So, good news for both buyers and sellers! A coalition of Oregon real estate organizations is working to change the city’s trajectory by influencing policy at multiple levels. To read: our Portland MarketBeat Office report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. The first five months of 2024 mirrored almost exactly the first five months of Experienced real estate broker, Andy Harris, shares several charts and in-depth data to give you a taste of where the market has been historically, and where we might be headed. For the month of March 2020, the average sale price in Portland was $485,074. 9% compared to last year Home Closed in March 2020: 885 units. 6% increase, Oregon has faced a rocky population climb. Likewise, new home construction is down across the country, according to the U. The number of current listings in Portland is 1,765, and the percentage of properties for sale in the city is 1765. Even though the total number of foreclosures in Portland has gone down, we’re not back to zero foreclosures, which was the case prior to 2008. Last year, homebuyers The COVID-19 pandemic has impacted real estate transactions in unprecedented ways in 2020, so it’s no surprise that most of our top news articles this year are related to that topic. The 2025 Maine housing market is balanced, with gradual price growth and more homes on the market. Also in this issue: PDX’s dark web drug kingpin, spring fashion, and the cult of the burnt basque cheesecake. On average, homes in Downtown Portland sell after 55 days on the market compared to 60 days last year. Every month, the Regional Multiple Listing Service, or RMLS, publishes detailed statistics on the local real estate market, including how many homes sold in the Portland metro area and for how much (average and median price). The 2023 Portland real estate market was slow, prices stopped rising in the city property (but not in the suburbs). Dec 17, 2019 · Here are our Portland real estate market predictions and forecast to give you a better understanding of what to expect when investing in the Portland housing market 2020. Invest wisely with VRBO & Oregon Airbnb properties available for purchase. Knowledge is power! I was looking into buying a house, but the portland housing market is absolutely WILD. Oct 26, 2020 · More than 20,000 Home Energy Scores are now in the Portland real-estate market, providing unprecedented transparency, insight, and data about residential energy performance and carbon emissions. 4% from January to February. U. The average sales price was $463,000 up to $380,000 from December of 2019. In the same comparison, the median sale price has increased 7. While the single family real estate market in Portland started booming by fall 2020 and hasn’t stopped skyrocketing (until very, very recently), the condo market in 2021 saw modest gains and recovery from an 5. Pocket listings are usually defined as homes Mar 31, 2025 · Explore the 2025 Portland real estate market trends. Access reports by county and town using the interactive chart below. The Real Estate Market is positively growing. Portland's population had declined between 2020 and 2023 but the decline has now reversed due to in-migration and is increasing once more with about 7,500 more people moving to Portland Metropolitan Area Real Estate With Peak Realty Welcome to Peak Realty, your one-stop source for real estate in the greater Portland Metro Area. The 2020 Portland real estate market is shaping up to be a balanced market with plenty of opportunities for buyers and sellers alike. For long-term rental/investment property owners, the contentious FAIR ordinance went into effect city-wide in March, but was soon overshadowed by COVID and the Jan 26, 2021 · After a record-setting year of home sales in 2020, the housing market still shows no sign of cooling off. A buyer influx. Jun 25, 2025 · Portland’s commercial real estate crisis has arrived at the door of one the city’s most storied developers. The Home Energy Score Jun 30, 2025 · The State of Housing in Portland report is published annually to provide stakeholders and policy makers with a comprehensive look at Portland’s housing market by neighborhood, housing type, and affordability using the latest available data. 60% Drop in Home Buyers in Portland Late March 2020 saw the biggest drop in Portland home buyers in the real estate market, perhaps the biggest drop in a single week we’ve ever seen. Portland Condo Market 2021 Condos finished better in 2020. So let's look at the numbers for January 2020. The Portland, OR housing market is very competitive, scoring 71 out of 100. What is happening with Portland's real estate market in 2020? In this video, we review the data and find some surprising results. A speedy and sustained recovery will require the cooperation, creativity and flexibility of landlords, tenants, lenders, and state and local governmental agencies. commercial real estate market, the greater Portland region real estate market, and highlights activity in Oregon’s other notable markets, examining the key themes and trends that emerged in 2024 and forecasting the outlook for 2025. 0% since last year. Portland, Oregon New Home Construction Numbers into 2023 It’s happening. Fever Chart: Median Sales Prices, 2014–2020 Across the last seven years, Maine’s real estate market has trended in one direction. The median value for residential home transactions that occurred over the previous year is $555,419. This podcast is focused on the greater Portland metro area residential real estate market, and those home buyers and sellers that want to receive up-to-date, local Portland real estate market data and advice from a top, experienced local agent in order to make great decisions about buying or selling their next home. Portland, Oregon has done a lot to try to increase the amount of available housing Mar 10, 2020 · March 2020 Portland Real Estate Market Report I’m ready for the Spring onslaught of new homes for sale! Hello? WHERE ARE YOU? Sellers, you want to get your home on the market in the next three months. Dec 14, 2024 · The Portland and national real estate market has been unsettled since 2020. The high prices still seemed affordable due to this. 3% from $410,000 to $440,000. We’re in the midst of the Coronavirus pandemic and April has finally provided us with one full month of market data to review and to get a picture of where the Portland real estate market is currently…and where we might be headed. Given this is the first pandemic in a century and how Jul 21, 2020 · Is it a good time to invest in Portland real estate? Read this in-depth Portland housing market analysis that looks at COVID-19 and other market trends. 3% over the past year. Portland, OR currently has Want to know more about Portland multifamily vacancy rates, unemployment, rental rates, construction deliveries and more? Stay up-to-date with the latest market research from Kidder Mathews by subscribing to our commercial real estate market reports. Explore Portland's 2025 housing market trends, driving factors, challenges, opportunities, and tips for buyers and sellers navigating these changes. At the time, the real estate market was hindered by the pandemic. Lawmakers dug Jul 29, 2024 · 5 beds, 4. Track Portland, OR real estate appreciation and housing market trends. Portland, Oregon Real Estate Market, February 2025 Report Portland’s real estate market is starting 2025 with some optimism. While some real estate agents argue for pocket listings in the Portland real estate market, most argue against them or at least want sufficient regulations in place to protect home sellers and buyers. Pocket Listings Banned in 2020 – Portland Real Estate Market Pocket Listings in Portland and throughout the U. For the month of February 2020, the average sale price in Portland was $472,218. As in all Portland market sectors, it was a rough spring, with buyer activity tanking in March. Home prices have slowed and started to drop in some areas. Find your ideal investment property among our curated listings for a rewarding real estate venture. The Portland Real Estate Market During the Pandemic In early 2020 as the global pandemic took hold, the Portland real estate market took a pause along with the rest of the economy. What is the reason behind the increase & decrease of sold homes between Q1 2020, Q4 2020, and Q1 2021? According to Portland Monthly, Portland’s housing inventory has shrunk. Jul 16, 2020 · Low, Low Inventory Sellers rejoice, buyers compete even harder than before. View sales history, tax history, home value estimates, and overhead views. I’ve been licensed in Portland to sell homes since 2003 and there has never been a stranger year than 2020. There are not a lot of early predictions, which is why we will follow up with a final forecast in early Jan. Everything is so expensive, every time I place an offer I get outbid by like 50k over asking price? Just seems like a bad time to buy a house in portland. We’ve got answers. Learn more about the Portland housing market and real estate trends. The pandemic has had a significant impact on many industries, but the real estate market remains strong and stable despite the odds. Nov 13, 2024 · Forecasts for the Portland, Oregon metro area housing market suggest that home prices could dip slightly over the next year or so due to weaker demand. Portland Foreclosure Market and 2023 Forecast I started selling homes in 2003 when the Portland real estate market was starting to get hot. 1% decrease, far better than the nearly 50% decrease we saw between 2020 and 2019. Portland Real Estate Market Experts Check out the latest Portland real estate statistics via RMLS monthly Market Action Reports and keep an eye on news in the Portland housing market. Learn about the factors affecting the market and its future. Portland Real Estate Condo Market 2023 Forecast Buying a condo in Portland means prioritizing a special list of considerations. Read on for everything you need to know about Portland real estate market in the first part of 2020. It’s a hot market! Portland, OR Home Values & Market Trends Real estate market trends reflect that there have been 11,872 transactions over the past year in Portland. Portland Real Estate Bubble – Housing Market Crash 2021 How did we get here? After COVID the Portland real estate market has been wonky. 9%. Effect of a New MAX Line on the Portland Real Estate Market That was the situation in Milwaukie five years ago, when home prices rose 12. The reason you’re hearing rumblings about the Portland real estate market dropping are based on significantly decreased population growth that is primarily affecting the condo and luxury real estate markets here in town (and most homes priced over our median value of around 450K). To be more specific, I write one in the late summer and then I update it a couple of times in the winter before the next spring selling season rolls around. 1%. Buyers Aug 28, 2024 · Looking ahead to 2025, it's important to know what experts are projecting for the housing market. condo located at 2020 SW Market Street Dr Unit 101-103, Portland, OR 97201. If you want to know how the Portland market performed during Q3 2020, check out the stats in this article. The most striking figure from the latest market report is 1. However, in all of the other 16 years of my career, the Portland real estate market has followed the same seasonal selling trends each year. Including home appreciation rates, average home values, rental prices, best neighborhoods and more. • Up 16. I mean seriously we get so much bad press, the rest of the country thinks we’re an anarchistic wasteland fueled by drugs. Here is our first 2020 Portland real estate market forecast. 3% compared to last month • Up 0. I believe home buyer traffic will remain stable until the restrictions in Oregon are loosened and then it will skyrocket with pent up demand. Winter brought the expected seasonal slowdowns in inventory and new listings, but the market is showing strong health for this typically slow time of the year. That’s an 8. Is now a good time to buy? How has the COVID-19 pandemic impacted the Portland real estate market? Let’s break down the Q2 stats. Here are the latest trends for the Portland-Vancouver real estate market with a forecast stretching into 2025. 00%. The average home value in Portland, OR is $523,883, down 1. Jul 13, 2020 · Check out the latest update on the Portland real estate market that I discussed with Tra'Renee on Friday on Afternoon Live. Our real estate market has changed, but how? Andy Harris, a metro Jan 29, 2025 · This month, the state began acting on the results of a long-awaited Oregon Housing Needs Analysis, hoping the trove of data will help policymakers solve Oregon’s housing shortage. Delving into the condo lifestyle also means more affordability and more freedom to spend your time the way you want—for example, no yard upkeep or high-cost maintenance and repairs. jdh8j4 7bbxuu mh uw5kewunu sv2hq a83q 9la 3rlnr ycwogizz yrtc56