Top Medium Teams in Portland, Oregon – Ranked by Sides

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Rank – City SidesTeam NameCompanyLocationSidesProfile
The Office of Darryl BodleKeller WilliamsPortland, OR 309.0View Profile
Hatch HomesKeller WilliamsPortland, OR 77.7View Profile
The Ask Sarita TeamKeller WilliamsPortland, OR 60.0View Profile

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2023 Portland, Oregon Housing Market Summary

Portland, Oregon started 2023 with a total of 939 single-family homes on the market, with a median home price of $585,000 and an average price per square foot of $331. By the end of the year, inventory had decreased to 876 homes on the market (-6%), with a median home price of $649,000 (+10%) and an average price per square foot of $341 (+3%).

At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had decreased to 80 days.

Portland started the year with 50% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Portland homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Portland started 2023 as a seller’s market, with an MAI score of 44; by the end of the year, the MAI had rose to 47 – a strong seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

Real Estate News

Opinion: How real estate will come back stronger 

Oct 14, 2024By

The latest tumult in real estate feels like our world has been turned upside down yet again. But underneath all the frenzy, I see a genuine opportunity for us to turn this into a positive and come back even stronger than before. I often think of the term “Anti-fragile” from the book of the same name by Nassim Taleb. The principle is that people and organizations can build their success around being able to come back even stronger after a wallop, instead of just withstanding the impact. This is real estate’s moment to become even more anti-fragile.

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