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31% 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 31% faster than the 29 days of December 2022. This is positive housing market news for North Portland home sellers. However, it must be noted that the 20 days of December 2023 are 122% slower than the 9 days of December 2020, which was the fastest housing market in December 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! 🏡🙋‍♀️

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

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Get Your FREE MONTHLY HOME VALUE REPORT 🏡

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Speed of North Portland Home Sales - December 2020 to December 2023

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