Market Snapshot

by Kat Granum

2026 Portland Real Estate Predictions
 
Next year is shaping up to be calmer and more balanced:
Mortgage Rates: Expected to average ~6.3%, with occasional dips into the high 5s.
Home Prices: Very modest growth (~0.2% YOY), improving buyer purchasing power.
Home Sales: Slight increase as pent-up demand returns.
Inventory: Third year of slow recovery — more options for buyers, less pressure on sellers.
 
Market Themes:
Improved affordability as incomes rise and prices steady
Ongoing “lock-in effect” keeping many homeowners put
Strong demand in suburban communities like Sherwood, West Linn, Wilsonville, Beaverton & Hillsboro
 
Bottom Line:
2026 will be more predictable, strategic, and opportunity-friendly.

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