With mortgage rates shifting and home prices seeing mixed movement, many buyers and sellers in the Camas, Vancouver, Portland, and Beaverton areas are asking the same thing: Is now the right time to make a move? According to new forecasts from national housing experts, there’s reason for cautious optimism heading into the rest of the year.

1. Mortgage Rates Could Ease Up

While no one is predicting a massive drop, experts are calling for a modest decline in mortgage rates later this year. Even a small shift could make a noticeable difference in monthly payments—especially in higher-priced areas like Beaverton and East Vancouver. That said, rates remain sensitive to economic data, so don’t expect a straight path down. If you’re waiting for a “perfect” moment, remember: small improvements can still work in your favor.

2. More Homes Are Hitting the Market

Locally, we’re seeing an increase in listings, especially in neighborhoods where homeowners had been holding off. From Portland’s west side to Camas, more sellers are deciding to make a move despite rate uncertainty. This gives buyers more choices, and in some pockets of the market—like SE Portland or Salmon Creek—homes are spending just a bit more time on market than earlier in the year.

3. Price Growth Is Slowing (But Still Up)

Most forecasts predict home values will continue rising in 2024—just at a more manageable pace. On average, a 2% price increase is expected nationally, and we’re seeing similar trends locally. Beaverton and Vancouver have held steady, while areas like Ridgefield and NE Portland may experience more variation depending on inventory levels.

Final Thoughts

The PNW housing market, like most others, is adjusting. And while every neighborhood tells a slightly different story, the overall picture is becoming a bit clearer: a stabilizing market with more inventory, less pressure on pricing, and a chance for buyers and sellers to make well-informed decisions. Whether you’re upsizing, downsizing, or relocating, having a local expert in your corner can help you make sense of what’s happening right where you live.

Curious about how these trends are playing out in your specific neighborhood? I’d be happy to run the numbers for you—no pressure, just real insights you can use. Reach out anytime.

Jamie Meushaw
eXp Realty | Broker WA & OR Over 25 Years
📧 [email protected] | 📞 360.798.7127