Portland Housing Market Forecast

We will follow up with a final forecast in january. Now keep in mind the portland real estate market is not uniformly cooling. 2019 portland housing market will be very dependent on how mortgage rates play out.

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Here is a short and crisp portland housing market forecast for the 3 years ending with the 3rd quarter of 2021.

Portland housing market forecast. By peter park. Home values rose 11 4 in 2016 alone according to a report from the real estate data company clear capital. Below are early housing market forecasts from other sources about the entire country s real estate market in 2020 and portland oregon s housing market specifically. Rates is now contributing more than ever to the slowdown in the portland market as well as the national real estate market.

And here finally is the answer for a cooling portland housing market. According to psu in 2016 portland oregon was top 5 in population growth for the top 100 u s. Freddie mac forecasts 4 9 growth for 2018. Here are the top housing market predictions you need to know before buying a portland rental property in 2020.

Zillow chief economist svenja gudell predicted housing value will appreciate 4 1 in 2018 which is a slower growth from her stated 6 9 in 2017 appreciation. Let s first talk about what s going on nationally. 2018 overall portland housing market forecast. Portland housing market forecast for 2020 after quickly reviewing the current portland real estate market trends now let s see how these trends are affecting portland real estate investors.

The list to sale price ratio the prevalence of price cuts on home listings and time on market. The housing market is like any other market about supply. 2019 portland housing market forecast and trends. Housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on.

Portland housing market cools down in 2019 and early 2020 portland s housing market has experienced double digit annual price growth in recent years. Portland housing market forecast 2019 2021. It provides information on the current balance of bargaining power between buyers and sellers in this region relative to that balance historically enabling buyers and sellers to see trends in their local housing market temperature. In 2019 portland was 56th in population growth out of the top 100 u s.

The accuracy of this forecast for portland is 77 and it is predicting a positive trend. Comparing the first two months of 2020 to the same period in 2019 the portland area s median sale price in which half of the properties sold at a higher price and the other half at a lower. Here is our first 2020 portland real estate market forecast. The market temperature is based on three metrics.