Oregon’s Real Estate Market Update: What Homebuyers and Sellers Need to Know This Fall
As we move through the fall season, Cascade Hasson Sotheby’s International Realty is here to help you navigate Oregon’s dynamic real estate market. With active inventory, new listings, and changes in home sales pace, the market offers unique opportunities for both buyers and sellers. Here’s a snapshot of the latest trends and what they mean for those interested in Oregon real estate.

1. Increased Inventory Offers New Opportunities for Buyers
According to REALTOR.COM, active inventory increased by nearly 29.7% compared to last year, giving buyers more choices than they’ve had in recent years. This uptick is especially beneficial in sought-after Oregon locations, where options have historically been limited. In addition, newly listed homes surged 11.6% in September 2024 compared to the same time last year, reversing an August trend when listings dipped slightly by 0.9%. These changes offer a promising landscape for buyers who may have previously felt limited by lower inventory.
For buyers interested in Oregon’s prime real estate areas, increased inventory means greater flexibility in finding a home that fits specific needs. Cascade Hasson Sotheby’s International Realty offers access to exclusive listings in desirable Oregon communities, from the coast to the Willamette Valley. This expanded selection can also benefit first-time buyers looking to get into competitive markets like Portland or Bend.
2. Homes Still Selling Quickly Despite Increased Inventory
Nationally, homes sold in about 55 days on average in September, only slightly longer than last year, showing that while inventory is up, demand remains high. In key markets such as Seattle (43 days), Boise (49 days), and Westchester County (49 days), properties are moving even faster, highlighting a steady demand even as more homes hit the market.
For Oregon sellers, this is good news. The Cascade Hasson Sotheby’s International Realty team can help you leverage the current market’s brisk pace to sell your home at an optimal price. By positioning your home effectively and capitalizing on the quick-moving market, you can attract motivated buyers who are ready to make decisions quickly.
3. Lower Mortgage Rates Fuel Buyer Demand
September saw a 3.5% growth in pending home sales, boosted by Federal Reserve interest rate cuts that brought lower mortgage rates. Buyers are taking advantage of these lower rates to secure homes more affordably, creating an excellent opportunity for those looking to buy before any potential rate changes in the future. This trend has been particularly favorable in areas with a mix of affordability and growth, such as parts of the Pacific Northwest.
Cascade Hasson Sotheby’s International Realty recommends that buyers act soon to lock in these lower rates. Our team can connect you with trusted lenders to help streamline the financing process, ensuring you capitalize on favorable rates before they shift.
4. New Construction in Retirement-Centric Areas
With new construction projects rising 15% in retirement-focused communities, there’s an increasing array of options for those looking to downsize or relocate to areas with strong community support and amenities. Retirement-centric communities in Oregon, particularly around the coast and the southern parts of the state, are seeing a rise in new housing developments to meet demand.
If you’re considering a move to a retirement-friendly community in Oregon, Cascade Hasson Sotheby’s International Realty can assist you in finding properties that suit your lifestyle needs. New developments may provide updated amenities, energy-efficient homes, and easier access to community resources, making them an attractive choice for buyers seeking convenience and modern living spaces.
5. Higher Down Payments Reflect Buyer Stability
A recent Zillow report indicates that 52% of buyers are now putting down 20% or more on their home purchases, a trend that suggests greater financial stability among buyers and lower competition from lower-down-payment buyers. For sellers, this indicates a healthier buyer pool, as those putting down larger payments are generally more committed to the buying process and financially prepared.
For buyers, a substantial down payment can provide a competitive edge, especially in competitive markets.Cascade Hasson Sotheby’s International Realty’s team can guide you in structuring an offer that includes a down payment and financing plan suited to Oregon’s competitive real estate landscape.
What This Means for Oregon Buyers and Sellers
The current real estate trends make this an opportune time for both buyers and sellers in Oregon:
• For Buyers: Increased inventory and lower mortgage rates open up more choices and the chance to find homes that fit both your budget and preferences. Consider making a move now to benefit from current interest rates and a variety of property options.
• For Sellers: Homes are selling quickly despite the rise in inventory, and a steady influx of financially stable buyers enhances the likelihood of a successful sale. Pricing and marketing your home effectively with Cascade Hasson Sotheby’s International Realty can help you stand out in a competitive marketplace.
With seasoned real estate professionals and exclusive property access, Cascade Hasson Sotheby’s International Realty is here to help you navigate Oregon’s evolving market. Whether buying, selling, or investing, our team can provide the insights and resources you need to make the most of today’s market trends.
Contact us today to discuss your real estate goals and explore how current market trends can benefit your next move in Oregon.