6% DECREASE in SW PORTLAND HOME VALUES: $643k to $602k 🏡📉

SW Portland Median Home Values are $602k, representing a 6% decrease from the $643k in December 2022. SW Portland Home Values have ranged wildly between December 2020 to 2023, but the average annual home value growth is 4%. This is good news for SW Portland homeowners and home sellers!
The Housing Market has been rocking and rolling for the previous few years in Portland, Oregon, and the surrounding cities of Hillsboro, Beaverton, Tigard, Lake Oswego, Milwaukie, Happy Valley, and Gresham, and negative or smaller appreciation is the equivalent of steadying the ship or bringing home values back within the appropriate growth ranges.
The average annual appreciation, or home value growth, should be approximately 4% to 6%. This is a quality return on investment. An annual appreciation of 18% is not the norm or sustainable, and negative or slower growth brings the average appreciation back within the benchmark. Anything above 4% to 6% is a fantastic gift but should not be expected or missed during a short-term market fluctuation. Real estate is a long-term investment; these highs and lows average over the years.
I'm passionate about homeownership and helping home buyers navigate the real estate market and homeowners understand the elements that make up a home's value. For additional Housing Market trends, the hottest listings by location & price, Open Houses, personalized monthly Market Reports, and more, see the links below:
Get Your FREE Monthly Home Value Report 🏡📈
👉 www.homemadeportland.com/mast...
See Homes for Sale by Location - No need to search. Results ready-to-go! 🏡
👉 www.homemadeportland.com/home...
See Homes for Sale by Price - No need to search. Results ready-to-go! 🏡🙋‍♀️
👉 www.homemadeportland.com/home...
List of Open Houses by Location 🏡🙋‍♀️
👉 www.homemadeportland.com/open...
Real Estate 101 - Market Trends, Analysis & more! 🏡
👉 www.homemadeportland.com/real...
See DIY/Home Improvement Videos: 🤪🛠🪚
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Real Estate Done Right - Real estate is all about you! 🏡🙋‍♀️
👉 www.homemadeportland.com/real...
I hope you find this information helpful. Feel free to contact me with any questions.🙋‍♀️Have a great day!
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