Will Oregon house prices go down?
Overall home sales in Oregon have declined 27.5% since last year, according to a report released last week by the real estate website Redfin. Also last week, the Office of Economic Analysis published a housing forecast projecting that home prices in Oregon will decline 4%, and decline sharply, in 2023.
Is the Oregon housing market slowing down?
New listings are down 19% year over year during the four weeks ending Sept. 11, which Redfin says is the largest drop since May 2020.
Will the housing market go down in Portland?
Portland-Vancouver-Hillsboro Metro home values have gone up 19.2% over the past year. The latest forecast by Zillow shows that prices will decline by 0.1% from July 2022 to July 2023. Portland City home values have gone up 8.5% over the past year. Multnomah County home values have gone up 8.4% over the past year.