Industry News Market Update News

10 places around Portland with falling home prices

Photo by Eric Muhr on Unsplash

Elliot Njus | The Oregonian/OregonLive

Portland’s run of rapidly rising home prices is slowing down — but it’s not stopping.

Of nearly 70 neighborhoods analyzed by The Oregonian/OregonLive using sale data from the Regional Multiple Listing Service, all but 10 saw the median price rise for homes sold in year’s second quarter compared with a year earlier.

The 10 exceptions include neighborhoods that were among the busiest during the Portland metro’s hot streak.

Together, they saw the median price fall just an average of 3 percent.

That doesn’t necessarily mean homes are losing value — the shift could be the result of slower sales at the highest price tier. But it could also be a sign homesellers are losing leverage over buyers.

To read about the 10 places, click here.

Related posts

SCCAR Elections: Vote Today and support your fellow JLS Brokers


Spokane-area building permit volume breaks record


John L. Scott-KMS Renton and Kent North offices transition from franchise to company-owned