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  • Writer's pictureSheryl Lyons

NE PORTLAND IS EXPERIENCING A BUYER'S MARKET! 🏡🙋‍♀️



The current Housing Inventory in NE Portland is 1.95 months, and NE Portland has been experiencing a buyer's market since June 2023. Next, let's use the Housing Supply and Demand trends to try to predict the future of the NE Portland Housing Market. Using the current activity and the trends, I expect this buyer's market to transition into more of a seller's market around March 2024, but let's keep an eye on it.


The ideal real estate market would have 1.00 month of Housing Inventory, meaning Housing Supply perfectly satisfies Housing Demand. For this graph, that would be the orange and purple lines right on top of each other. When the Housing Supply and Housing Demand lines are close together, it represents a balanced real estate market. A huge separation between Housing Supply and Housing Demand means an unbalanced real estate market, creating either a buyer's market or a seller's market.


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NE Portland buyer's market - November 2023



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