Chris Eden - Real Estate Agent

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...

Portland Housing Market Update May 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....

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The average home price in the Portland Metro rose 4% in March. Home prices have now gained 8% in only 2 months following prices bottoming out in January. The seasonality in the Portland housing market is very strong with prices having risen 10% or more between January and July for 5 consecutive years. I expect this pattern will repeat again in 2026. However, one thing to keep in mind is these numbers lag what is happening in real time. Prices didn't actually bottom in January, they bottomed in December and those sales closed in January. March prices continuing to rise is mostly a function of market activity in February prior to the conflict in Iran leading to an increase in mortgage rates. If I had to characterize the direct impact of the war on local real estate, activity levels dipped for around 30 days but have since recovered in April as we have seen similar activity levels to February. My team has closed two sales in April so far with 7 more sales currently in escrow. At the end of March, the inventory of homes in the Portland Metro dropped back to 3 months putting the housing market on the verge of shifting officially into a seller's market. Mortgage rates are up from the start of the year but people still need housing and this is the most popular time of year to search for a home.

Continued in link...

Portland Housing Market Update April 2026 The average home price in the Portland Metro rose 4% in March. Home prices have now gained 8% in only 2 months following prices bottoming out in January. The seasonality in the Portland housing market is very strong with prices having risen 10% or more between January and July for 5 consecutive year...