05/30/2026
The average home price in the Portland Metro was flat in April while the median home price rose 1%. Recent price movements reflect shifting market conditions during the spring market. We witnessed 4% appreciation in both February and March. As mortgage rates increased in March, there was a moderate slowdown, but that ended in April. May has been relatively active so I would expect we will see a resumption in price increases but I am not sure to what degree. My team has closed 9 sales so far this quarter after closing 16 sales in Q1. We have seen the busiest start to the year ever. However, this is more a reflection of our market share increasing dramatically than any changes in the aggregate number of sales that occur. From January through April, there have been 3% more closed sales in Greater Portland relative to the same time period in 2025. Our team's sales have more than doubled so far in 2026 compared to this time last year...
The average home price in the Portland Metro was flat in April while the median home price rose 1%. Recent price movements reflect shifting market conditions during the spring market. We witnessed 4% appreciation in both February and March. As mortgage rates increased in March, there was a moderate....