If you’ve been waiting for the Oregon housing market to “calm down” before making a move, your patience may have finally paid off. As we hit the heart of the spring season, the data is telling a fascinating story: for the first time in years, the scales are starting to balance.
- The Inventory Surge (More Choices!)
The biggest headline this month is the 16% year-over-year jump in active listings. Statewide, we are seeing more “For Sale” signs than we have in a long time.
- Buyer Demand is Heating Up
Don’t let the extra inventory fool you—homes are still moving. In the Portland metro area, lockbox activations are up 19.5% compared to last April.People are out touring homes in droves.
- Stabilized Pricing
We have moved away from the “wild west” price hikes of previous years. The statewide median sale price is currently holding steady at $479,067. We are seeing modest, healthy single-digit gains rather than the double-digit spikes that priced many people out of the market.
Local Spotlight: How is Your City Performing?
- Portland (Median: $499,000): Market sentiment is currently “luke-warm.” While demand is high, the massive influx of inventory is giving buyers the upper hand in negotiations.
- Bend (Median: $895,000): Still the crown jewel for lifestyle buyers. It remains highly competitive with strong demand for premium properties.
- Eugene (Median: $520,899): A very balanced market. We’re seeing steady activity from “move-up” buyers looking for more space.
- Salem (Median: $484,995): Rapidly growing as the go-to alternative for those seeking affordability without sacrificing city amenities.
Thinking about making a move? Let’s look at the numbers together. I can help you navigate the inventory surge and find a loan program that fits.
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