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  • Writer's pictureSheryl Lyons

17% FASTER than Last Year: NORTH PORTLAND Homes Selling in 20 DAYS🏡📈

North Portland homes are selling at a median speed of 20 days, which is 17% faster than the 24 days of January 2023. This is positive housing market news for North Portland home sellers. However, it must be noted that the 20 days of January 2024 are 82% slower than the 11 days of January 2021, which was the fastest housing market in January over the last four years.

Here's an excellent tip if you're buying a home or selling a home: Days-on-Market (DOM) is a critically important market trend because it instantly tells you the housing market's speed and the speed of the housing market tells you everything you need to know as a home buyer or home seller. If the location has a consistent DOM under 10 days, it's a fast-moving housing market with bidding wars and rising prices, also known as a seller's market. As the DOM increases above the 10-day mark towards the 20s or 30s, you can expect a slower housing market with less competition and the ability to negotiate prices, also known as a buyer's market.

See Homes for Sale by Location - No need to search. Results ready-to-go! 🏡🙋‍♀️


See Homes for Sale by Price - No need to search. Results ready-to-go! 🏡🙋




Speed of North Portland Housing Market - January 2021 to January 2024

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