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  • Writer's pictureSheryl Lyons

HOME VALUES CONTINUE SLOW GROWTH in Portland, Oregon & the surrounding cities! ๐Ÿก๐Ÿ“ˆ



Home values continue slowly gaining ground in Portland, Oregon & the surrounding cities.

Home Values - July 2023 - Portland, OR & surrounding cities

Home Values -  YTD July 2023 - Portland, OR & surrounding cities

As of July 2023, Lake Oswego, Tigard, Milwaukie, Gresham, and NW Portland have risen above the negative in year-on-year home value.

Home Value Growth - 2023 vs 2022 - Portland, OR & surrounding cities

The Housing Market has been rocking and rolling the previous few years, and the current negative appreciation in 7 out of the 12 locations is the equivalent of steadying the ship or bringing home values back within the appropriate growth ranges.


The average annual appreciation, or home value growth, should be approximately 4% to 6%. An annual appreciation of 20% is not the norm or sustainable, and negative growth brings the average appreciation back within the benchmark. Let's prove this theory by looking at our appreciation maps. In 2023, all locations but NW Portland and Tigard are below the benchmark.


The 5-year average shows all locations within or above the benchmark.

Home Value Growth - 2023 vs 2019 - Portland, OR & surrounding cities

The 10-year average shows all locations within or above the benchmark.

Home Value Growth - 2023 vs 2013 - Portland, OR & surrounding cities

And the 20-year average shows all locations within the benchmark.

Home Value Growth - 2023 vs 2003 - Portland, OR & surrounding cities

Anything above 4% to 6% is a fantastic gift but should not be expected or missed during a short-term market fluctuation.


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This will be an interesting trend to watch for the remainder of 2023.

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