PDX Real Estate EP166: Market Insights: What Every Portland Real Estate Pro Needs to Know Now

We're diving into the real reasons the Portland real estate
market feels stuck, and spoiler alert, it's not just interest
rates or a lack of buyers.


In this episode, Steve Nassar and Joe Fistolo of the Portland
Real Estate Podcast tackle the state of the market as of May
21st, 2025, revealing the hidden forces at play and what it means
for you.


Steve and Joe break down why certain segments are struggling more
than others (we're looking at you, downtown condos!), and the
surprising factors driving high-income earners out of Multnomah
County.


From the impact of "cash for keys" and tax burdens to the
complexities of HOA issues and insurance woes, they share
practical insights on why the market has been a story of "fits
and starts" for the past three years. 


You'll hear about the SDC moratorium and why it's not enough to
solve the core housing crisis, and how subtle shifts in buyer
behavior are creating a nervous, indecisive environment.


This episode is about clarity, strategy, and understanding the
nuances of a challenging market. 


If you're serious about navigating Portland's real estate
landscape, this conversation is your next move.


Listen in for a real, relatable, and energizing discussion on
what it takes to thrive in today's unpredictable market.


 


Key Takeaways


The Q1 and early Q2 real estate market was weak due to economic
volatility, 7% interest rates, and increased inventory.


The detached home market saw brief improvement, but condos and
townhomes continue to struggle with high HOA fees and insurance
issues.


The market has experienced "fits and starts" for the past three
years, with a particularly slow spring season.


Buyers are nervous, making and quickly retracting offers due to
economic uncertainty and news.


Multnomah County's high-end market has lower appreciation due to
high property and other taxes.


A three-year SDC moratorium in Multnomah County is seen as
insufficient to address core housing development issues.


Multnomah County's "cash for keys" tenant rights make it
unattractive for rental property investors.


Realtors should strongly recommend buyers hire an HOA consultant
to review HOA documents.


Insurance companies are scrutinizing homeownership details,
leading to denied coverage for certain piping types.


NAR commission changes have had little negative impact on agents,
but have reduced buyer spontaneity.


In the current market, price reductions are more effective than
concessions for attracting buyers.


AI tools like ChatGPT can help tighten listing remarks but aren't
a magical solution for poor performance.


 


Connect with Joe


Soldera Properties


Joe on LinkedIn


 


Connect with Steve


Steve’s Team at Premiere Property Group


Steve on LinkedIn


 


Listen to The Portland Real Estate Podcast on:


Apple Podcasts | Spotify