How's the Market? August 6, 2023

August 02, 2023 How’s the Market?

Portland Metro 

We are seeing a slight decrease in home prices nationwide as interest rates continue a slow trend upwards. However this continues to be a Seller’s Market due to a shortage of available housing, and signs of reluctance to purchase from buyers.

  • Average days on the market is down to 33 days (from 60 days), and median home prices have decreased 3.6% over last year.
  • The median home sold price in the metro area is $530,000. Interest rate are currently up to 6.81% and are expected to fluctuate over time.

This is a great time to list while it is still favorable to Sellers. Buyers also benefit from dropping prices, stable interest rates, more time on the market.

Get full market value for your home.