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  • Writer's pictureSheryl Lyons

HOUSING MARKET SHOWS SIGNS OF SLOWING in Portland, OR & surrounding cities! ๐Ÿก๐Ÿƒโ€โ™€๏ธ๐Ÿ“ˆ



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


Speed of the Housing Market - July 2022 to July 2023 - Portland OR & surrounding cities

In June 2023, 10 out of the 12 locations had a DOM under 10 days.

Speed of the Housing Market - Days on Market Map - June 2023 - Portland OR & surrounding cities

In July 2023, only 6 out of 12 locations have a DOM under 10 days. So month to month, the Housing Market in Portland, OR & surrounding cities is showing signs of slowing.

Speed of the Housing Market - Days on Market Map - July 2023 - Portland OR & surrounding cities

When comparing the month of July from 2019 to 2023, July 2023 is slower than July 2021 & 2022 but faster than July 2019 & 2020.

Speed of the Housing Market - July 2019 to July 2023 - Portland OR & surrounding cities

Given the higher mortgage rates, it's surprising how fast our current Housing Market is still moving.

Mortgage Interest Rates - July 2020 to July 2023


See Homes for Sale by Location - No need to search. Results ready-to-go! ๐Ÿก๐Ÿ™‹โ€โ™€๏ธ

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See Homes for Sale by Price - No need to search. Results ready-to-go! ๐Ÿก๐Ÿ™‹โ€โ™€๏ธ

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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. ๐Ÿ˜ƒ


Take care, Sheryl

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