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Are Portland Home Prices Recovering from January's Polar Plunge? Plus Three Predictions for Portland's Market in 2023!

Posted by Lauren Perreault on Thursday, February 2, 2023 at 9:05 AM By Lauren Perreault / February 2, 2023 Comment

Over the Past 4 Weeks, the Average Sale Price has gone from -12.8% to -1.6% vs roughly the same time period last year.
With interest rates now in the mid-5's for the 30-year fixed mortgage, Buyer Demand remains High for the past 3 weeks as Inventory Continues to Slide for 15 straight weeks.
Moody's latest forecast sees the Average Sale Price in Portland Metro ending the year 6.03% Lower than in 2022. Zillow predicts prices will be 3.1% Lower than in 2022. Realtor.com is predicting the average sale price will be 3.9% Higher than in 2022.