Portland Metro Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Source: RMLS - Resale only
© 2024 John L. Scott Real Estate
CURRENT INTEREST RATE
Winter cleanup continues to absorb the unsold inventory as the supply of new resale listings drops during the winter months. The cleanup prepares the market for a jumpstart of Sales Activity Intensity™ in the first quarter of the year, as each new resale listing will receive a higher concentration of interest.
Winter Cleanup Season
We are ending the year where we started as interest rates lower into the 6’s.
Going into 2025 with a lower interest rate projects a higher number of transactions as more buyers enter the market.
For more details or a copy of the 2025 Housing Forecast (coming mid-December), contact your John L. Scott broker.
Strong Year Ahead for the Housing Market
December 2, 2024 Source: Mortgage News Daily
6.91%
Key Market Indicators DECEMBER 2024 (NOVEMBER RECAP)