Homes Sales in Portland, Oregon and the surrounding cities have increased since January 2023 but are still lower than in previous years.
Compared to 2019 to 2022, we can see that the 5,155 homes sold YTD in 2023 are:
2,291 homes less than in 2019
1,617 homes less than in 2020
3,296 homes less than in 2021
2,655 homes less than in 2022
So what does this tell us? The trends and being out in the market tell me the Housing Market is gaining momentum, and the window for home buyers to purchase a home at or below list price with no competition may be closing for good. But the total number of Homes Sold in 2023 will remain comparatively lower due to the slow start.
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This video is part of a series called Trend Watch, where I create a set of videos featuring the most critical Housing Market trends and run them every month so that you can understand how trends work and watch the changes month by month.
I hope you find this information helpful.
Please remember I'm always here for any questions. 😃
Take care, Sheryl