A lot of people use the new year as a time to reset, but for me, September feels like the perfect time. With summer coming to an end, our lives start to shift - kids head back to school, summer clothes are swapped out for cozy fall layers…even our routines shift - whether it’s moving workouts indoors or switching up what we eat. It just feels like the right moment for a refresh!
And let’s not forget, it’s also a great time to explore the real estate market with more inventory and slightly better interest rates! Whether you’re looking to buy, sell, or simply invest, this season offers opportunities to make moves before the year ends. As always, I’m here to help with any changes, especially when it comes to your home!
Meg Barrett
Market AnalYSIS
The Numbers That Matter:
Portland's housing market is maintaining its upward momentum heading into fall 2025. Here's what the data is telling us:
Median Home Price: Currently around $545,000 (up 2.3% from last year)
Average Sale Price: $611,600 (showing a 2.1% year-over-year increase)
Market Balance: We're sitting at about 4 months of supply, indicating a market that slightly favors sellers
Inventory: New listings increased by 25.3%, giving buyers more options than we've seen recently
What This Means for You: The market remains active but more balanced than the frenzied pace of previous years. Home prices are expected to continue rising, albeit more moderately.
Reach out if you’d like the latest data and insights for the areas you’re most interested in!
LOOKING AHEAD: MARKET FORECAST FOR FALL/WINTER 2025
While I can't predict the future, I can share what the data suggests:
What Experts Are Forecasting:
Modest Price Growth: The U.S. housing market is expected to see an average 4% price appreciation in 2025, though local market conditions will vary widely
Interest Rate Relief: Mortgage rates are expected to decrease slightly, which could bring more buyers back to the market
Increased Sales Volume: More homes are expected to change hands as inventory continues to improve
The Reality Check: Remember, real estate is hyperlocal. While national trends provide context, your specific neighborhood, property type, and timing will ultimately determine your experience. The key is having current, local data to guide your decisions—not predictions from talking heads on TV.
- Interest rates may trend down (but don't try to time the market)
- Fall/winter can offer better negotiating opportunities
Smart Buyer Strategy: Focus on finding the right home rather than timing the market perfectly. A good home bought at any reasonable time will serve you well in the long run.
Seller's Corner
If You're Thinking of SELLING:
- Sellers, your success hinges on strategy
-The market is still favorable, but proper pricing and presentation are crucial
-Fall buyers are typically more serious and motivated
-Less competition from other listings as we head into winter
Timing Considerations: While spring traditionally brings more buyers, serious purchasers are active year-round. The key is having your home market-ready and priced appropriately for current conditions.
NEW LISTINGS & SOLDS
Featured Properties
Let's Connect!
The real estate market doesn't have to be confusing or stressful. With the right information and guidance, you can make decisions that align with your goals and timeline.
Ready to discuss your specific situation? Reach out soon so we can grab coffee and talk about what makes sense for YOU in today's market.
