April '25 Portland Realty Update

The Rob Levy Team

Rob Levy, Caity Abouaf

And in partnership with Pat Weiss*

Portland Real Estate Update

April, 2025 Update

Over 70 Years Combined Experience, Since 1988

Portland Market as of March, 2025 Month End

This image is a snapshot showing what the Portland metro real estate market is like as of the end of March, 2025. Remember though this price is for all property types, including condos so detached homes are higher. Interest rates dropped a bit, and then went up again and as of today they are down a bit again, running about 7% again for a 30 year fixed rate mortgage. At the end of March, the average sales price is at $613,000, up 2% over the the last 12 months (using a rolling average sales price for the last 12 months).

Click on the image to see the full seven page report. This report breaks down the Portland Metropolitan area by areas of town, so you can better see the prices and market activity where you live.

No Tariffs on Resale Real Estate

I am sure you just like me have watched in some sort of mild to medium panic as the stock market has plunged of late, but how stable is real estate over time? I saw this chart from Schiller the other day that shows since 1950 real estate in the United States has only dropped seven times in all those years, and five of those were in the big recession in the late 2000's. in fact, other charts show that other than the big recession, real estate has largely either gone up slightly or remained about the same in recessions. Real estate is generally seen as a stable investment, and you get to live in your investment and enjoy tax advantages to do so too! This of course is not even counting purchasing a rental home which has massive tax and leverage advantages simply not available in the stock world. Ask me about this, I own a lot of rental homes so I practice what I preach.

When Should I Reduce My Sales Price?

Overpricing your house could cost you more than you think.

Data shows the longer a house sits, the less it sells for. And here’s why. If a house is priced at or just below market value, it typically sells quickly. But if a house is priced too high, it lingers.

As time wears on, it's more likely you’ll have to accept a lower offer, or you’ll need to make a price cut to draw buyers back in. And that’s not the experience you want.

Want to make sure your home sells quickly and for the best price? Let’s talk.

My Spring 2025 Home Seller Guide is out!

This is a pretty comprehensive guide anyone thinking of selling a home should consider reading.

It's 20 pages deep and is packed with national information on trends, with charts and expectations from national experts as to what to expect.

If you, or anyone you know is thinking of selling a home or condo this summer, please read this or pass it along.

As a "market expert" since 1988, I'd be happy to sit down with you and discuss the home sales market local to your neighborhood, as all areas and neighborhoods are different.

Search ALL Portland Area Homes

Click on the link below, or the image to search the Portland area MLS for all single family, condo, or multi-family homes in the Portland metro area. The site also includes some pre-defined common searches on the right side, and also always shows the most recent 20 listed properties in the metro area. Be sure to SAVE your search, that way you will always be notified of any new matches as they happen. Click on the photo to search now!

Thanks for checking out this newsletter, and for supporting our real estate team for all these years. We are always available for you. ROB LEVY, CAITY ABOUAF and PAT WEISS

*Pat Weiss is licensed with Oregon Referral Partners, LLC. Same address as below.

Give Us a Call

(503) 906-1444

Now More Than Ever, Experience Matters

The Rob Levy Team, Rob Levy Principal Broker and Caity Abouaf, Broker

Keller Williams Realty Professionals / Main Office (503) 546-9955