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Portland Multifamily Market Cools as Sale Prices Drop 23% to $167,000 Per Unit

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Vacancy rate falls to 8.7% while construction pipeline shrinks 68% year-over-year in Q3 2025 Portland's apartment market is entering a period of adjustment after years of rapid expansion, with investors and developers recalibrating their strategies amid changing fundamentals. The third quarter of 2025 brought a 23 percent decline in average sale prices per unit to […]

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