Inventory is higher & prices have evened out a bit. Sounds like a good time to buy!  Its said that when the inventory gets to around 4.0 months, it becomes a balanced market. We're not *quite* there, yet, but it is a leveling-out market now for sure, and Fall is always a great time to buy anyway ; )

Here is the most recent data available:

According to the RMLS Market Action Report for the Portland Metro Area, September, 2018:

  • There were 3,606 New Listings in September 2018 which was down slightly at  1.0% from September of 2017's 3,644, and also down 14.4% from the previous month/August of 2018's total of 4,214 .
  • At 2,272, September Closed Sales fell  14.6% from September 2017's 2,660, and is also down 23.4 % from the previous month/August 2018's total of 2,967.
  • September's Pending Sales (accepted offers), at 2,471 were cooler at 9.5% down from Sept of 2017's 2,730, and 10.5% down as well from the previous month/August 2018's total of  2,760.
  • The Average Sale Price in September of $447,800 was up $21,100 from September 2017's $426,700, and down from the previous month/August 2018's $462,400 by $14,600.   

Neighborhoods: September's Average Sale Price + 12-month Appreciation :

  • North Portland:  $416,300             5.7%   (Aug 403,000)
  • NE Portland:  $433,700                   3.8%   (Aug 468,800)
  • SE Portland:  $420,200                    6.9%   (Aug 427,500)
  • Gresham/Troutdale:   $352,200    9.5%   (Aug 360,000)
  • Milwaukie/Clackamas:  $437,400 5.0%  (Aug 444,000)
  • Oregon City/Canby:   $404,300      6.5%  (Aug 436,000)
  • Lake Oswego/West Linn:$627,000 3.4% (Aug 745,100)
  • West Portland:    $631,700              3.4%   (Aug 646,200)
  • NW Wash County:  $486,200          3.8%   (Aug 557,900)
  • Beaverton/Aloha:     $402,800        7.7%   (Aug 406,600)
  • Tigard/Wilsonville:   $466,900        7.9%   (Aug 466,100)
  • Hillsboro/Forest Grove: $393,200  6.7%   (Aug 386,900)