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  • Writer's pictureSheryl Lyons

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



Home values continue to gain ground in Portland, Oregon & the surrounding cities.


Home Value Map - June 2023 - Portland OR and surrounding cities

Home Value Map - YTD June 2023 - Portland OR and surrounding cities

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

Home Value Growth Map - 2023 vs 2022 - Portland OR and 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 Lake Oswego and Tigard are below the benchmark.


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

Home Value Growth Map - 2019 to 2023 - Portland OR and surrounding cities

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

Home Value Growth Map - 2013 to 2023 - Portland OR and surrounding cities

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

Home Value Growth Map - 2003 to 2023 - Portland OR and surrounding cities

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


Get Your FREE HOME VALUE REPORT ๐Ÿก๐Ÿ“ˆ

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This will be an exciting trend to watch during 2023.


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