Published September 22, 2026

What you need to know about Condo's and Townhomes

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Written by Debra Rhea

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🏢 Condo  & Townhome watch

What you need to know!!.

Greater Portland condos & Townhomes have about 7.1 months of inventory and 86 days on market, versus 3.8 months and 57 days for detached homes.

Some condo markets are even softer:

  • Beaverton/Hillsboro: 8.1 months

  • North Portland: 8.8 months

  • NE Portland & Gresham: 8.4 months

  • Lake Oswego/West Linn: 9.9 months

Buyers are increasingly evaluating the total costs of buying vs renting. Long term buying is the best option.  Short term mortgage payments are generally more than renting making if difficult to buy.

🔑 The biggest change: rates are back near 7%

The average 30-year fixed mortgage rose from 6.76% to 6.95% on September 17. A year ago it was 6.26%

Need to know more?  Contact me at 503-312-5728

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Debra Rhea

| Pacesetter Properties | Debra Rhea | Keller Williams Sunset Corridor

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