Top Mega Teams in Portland, Oregon – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    2United Home GroupKeller WilliamsPortland, OR$325,460,608View Profile
    3Fox Real Estate NetworkKeller WilliamsPortland, OR$160,740,337View Profile

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    2023 Portland, Oregon Housing Market Summary

    Portland, Oregon started 2023 with a total of 939 single-family homes on the market, with a median home price of $585,000 and an average price per square foot of $331. By the end of the year, inventory had decreased to 876 homes on the market (-6%), with a median home price of $649,000 (+10%) and an average price per square foot of $341 (+3%).

    At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had decreased to 80 days.

    Portland started the year with 50% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Portland homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Portland started 2023 as a seller’s market, with an MAI score of 44; by the end of the year, the MAI had rose to 47 – a strong seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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