As of August 2017, Portland has fallen out of the top three metros for the first time since September 2015. With other cities like Las Vegas, San Diego, and Seattle growing at rapid rates, Portland only went up 7.2 percent compared to a year earlier. The average home price in August was $385,000 which then reduced to just $380,000 by September. Due to this decrease in growth, Portland is getting very close to being an affordable living area. But the market is still very competitive being as how there is a small inventory of homes. Yet new construction is constantly being built, which brings much relief to the rental housing market.
