Should you buy during a seller's market

Should I Buy During a Seller’s Market in Portland, Oregon?

If you’ve been following Portland’s housing updates, you’ve probably heard we’re in a seller’s market — where homes sell fast, often with multiple offers, and sometimes above asking price. For buyers, this can feel intimidating.

The question I hear often is: “Should I wait until the market shifts?” As Lisa Mehlhoff Homes – Portland Realtor, I help clients make smart moves in every market. Here’s how to think about buying now.

Understanding the Seller’s Market

In a seller’s market, there are more buyers than homes available. This imbalance drives competition and can mean:

• Quick timelines — you may need to make an offer within days (or hours) of seeing a home

• Higher prices — bidding wars are more common

• Fewer contingencies — buyers may waive inspections or repairs to strengthen their offers

The Case for Buying Now

1. Interest Rates Could Rise
   Even if home prices cool later, higher interest rates can make your monthly payment more expensive in the long run.

2. Equity Starts Sooner
   The earlier you buy, the sooner you start building equity — even if you pay slightly more upfront.

3. Lifestyle Needs Don’t Wait
   If you need more space, a shorter commute, or are relocating to Portland, waiting could delay your quality of life.

4. Portland’s Neighborhood Appeal
   Homes in highly desirable areas like Laurelhurst, Sellwood, or the Pearl District tend to hold value, even when markets shift.

So What? How to Buy Smart in a Seller’s Market

Yes, it’s competitive — but that doesn’t mean you should sit out. The key is strategy:

• Get pre-approved so you can act fast when the right home hits the market.

• Work with a local expert who knows off-market opportunities and can position your offer to stand out.

• Be clear on your must-haves vs. nice-to-haves to avoid emotional overspending.

The Bottom Line

If you have a strong agent, clear priorities, and your financing in place, you can buy successfully in a seller’s market — and enjoy the benefits of homeownership now instead of waiting for the “perfect” time.

Want to explore your options in today’s Portland market? I’ll guide you through every step so you can feel confident and competitive.

📞 Lisa Mehlhoff – Portland Realtor
Helping you buy smart in every market condition.