What's a Sellers market vs a Buyers market

What Is a Seller’s Market vs. a Buyer’s Market in Portland, Oregon?

If you’re following the Portland real estate market, you’ve likely heard the terms seller’s market and buyer’s market. They sound simple — but understanding the difference can mean thousands of dollars in your pocket whether you’re buying or selling.

As Lisa Mehlhoff Homes – Portland Realtor, my role is to help you recognize these shifts and adjust your strategy so you can move forward with confidence.

Seller’s Market: The Seller Has the Advantage

A seller’s market happens when there are more buyers than available homes. This imbalance drives up competition.

In Portland, this often means:

• Multiple offers in the first days on market

• Bidding wars pushing prices above list price

• Waived contingencies (buyers skipping repairs or inspections to win)

• Shorter days on market

So what?
If you’re selling, you have leverage — but pricing too high can still backfire. The right marketing and strategy can turn competition into top-dollar offers. If you’re buying, you’ll need to move fast, have financing ready, and work with an agent who can make your offer stand out.

Buyer’s Market: The Buyer Has the Advantage

A buyer’s market happens when there are more homes for sale than there are active buyers. This gives buyers room to negotiate.

In Portland, this often means:

• More price reductions

• Longer days on market

• Seller concessions like covering closing costs or repairs

• More inventory to choose from

So what?
If you’re buying, you have more time and bargaining power. If you’re selling, you’ll need standout marketing, competitive pricing, and possibly incentives to attract buyers.

Why This Matters in Portland Right Now

The Portland housing market can shift between the two — sometimes even varying by neighborhood. For example, a hot area like Alberta Arts might feel like a seller’s market while a higher-priced suburban area leans toward a buyer’s market at the same time.

Knowing the difference — and which market you’re in — changes your entire approach to pricing, negotiation, and timing.

The Bottom Line

Whether you’re buying or selling in Portland, understanding the market type is the first step toward a successful transaction. I can help you pinpoint your neighborhood’s current conditions and build a strategy that works for today’s reality.

📞 Lisa Mehlhoff – Portland Realtor
Helping Portland buyers and sellers navigate any market with confidence.