Market Update  |  January 2025

 

January in Portland often brings cold, rainy days, with an occasional touch of ice - perfect for cozying up indoors. While moments of rest and reflection are important, stepping outside for a breath of fresh air can be equally invigorating.

 

As we embrace the new year, let’s take a moment to keep those affected by the devastating fires in Southern California in our thoughts. The loss and challenges they face are unimaginable, yet it’s a testament to the strength and resilience of communities coming together. If you’re looking to help, consider supporting organizations providing relief, such as:

This season, I’m also focusing on making an impact locally. While national changes may feel overwhelming, I believe in the power of small, meaningful actions to keep Portland thriving. Supporting local businesses, engaging in community-driven initiatives, and preserving Portland’s unique spirit are at the heart of this effort.

 

Let’s step into 2025 together and make this year one of hope, action, and community. Supporting and referring talented professionals is a simple yet impactful way to contribute to our shared success. I’m here to help guide your referrals through their residential changes with the utmost care and professionalism.

 

Thank you for your trust and support. Here’s to a year of growth, collaboration, and new opportunities!

 

Read on for the answer to the age-old question: “How’s the market?”

 

Market Update 

The 2024 headlines were dominated by talk of high interest rates and a sluggish real estate market. However, reality tells a more nuanced story. For example, the average sales price in the Portland Metro Area rose 1.8%, from $598,000 to $608,600. In West Portland, a client’s annual asset audit showed their home’s equity increased by 3.8%, translating to a net gain of $27,843!

 

Your home is more than a place to live—it’s a valuable asset that should be monitored alongside your other investments, like your 401(k) or stocks. If you’d like an in-depth analysis of your home’s performance over the past year, I’d be happy to help. Click below to request a property review report. If you’ve made any major improvements recently, we’ll be sure to include those as well.

ADDITIONAL HOUSING MARKET RESOURCES

Local Initiatives 

The Local Impact on Dry January

For a lot of folks, January means taking a break from drinking alcohol and, in some cases, disappearing entirely from local bars and restaurants during an already slow time of the year.

Find Reasons To Leave the House