By Jessica Ward, June 14, 2024
Find out what’s happening in the Portland real estate market for Mid-June 2024.
Hi, I’m Jessica Ward, licensed real estate agent in Oregon and Washington with Living Room Realty, here to tell you what you need to know about the market for mid-June 2024.
With summer fast approaching, kids enjoying their break from school, and temperatures on the rise, it’s the perfect time to explore the latest trends and changes in the housing market. Let’s dive into what’s happening in the real estate market this season.
Let’s Look At The Numbers
As of this week, the median list price in Portland sits at $695,000, which is pretty spot on with this time last year which was $699.000.
The market action index, which we use as a snapshot of supply, demand, and overall market competitiveness currently indicates a balanced market at 49. This figure closely mirrors last year’s market action index of 55, showing that the market is becoming MORE balanced for both buyers AND sellers.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is low enough to keep us in the Seller’s Market zone so watch for changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
What About Interest Rates?
If you have been waiting for rates to fall, here’s what you need to know… the feds latest forecast, which came out this week, is for one rate cut before the end of the year. Which is down from a previous forecast of three. Inflation, despite having cooled in the past two months, remains persistently elevated. The officials’ rate-cut forecast reflects the individual estimates of 19 policymakers. The Fed said eight of the officials projected two rate cuts. Seven projected one cut. Four of the policymakers envisioned no cuts at all this year. So it will be interesting to see where we actually land by the end of 2024.
Make A Move
Living Room Realty is committed to connecting you with as much information to help you make an informed decision. If you’re ready to make a move, give us a call today. We’d love to help YOU find your next Living Room.
Jessica Ward
Broker | ADU Specialist | OR & WA
She/Her
My life is fueled by a profound passion for serving others and making a positive impact on my community.
https://youtu.be/x1kSQm5UdQo?si=Wam5-ZRcj3VTRn_g I’m a Great NW native and— five years into this industry—a broker known for delivering results while making people feel genuinely taken care of. I grew up in Portland and Southwest Washington, and I know this market—its neighborhoods, culture, pricing nuances, and opportunities. That lived understanding informs every recommendation I make. I’m inclusive of all people, price points and committed to creating a space where clients feel safe, respected, and fully themselves. I’m a mother to my daughter, Wynter Katie, and a dog mom to a very cute Yorkshire terrier, which keeps me grounded in real life and real perspective.When I’m not working, you’ll find me hiking in the Gorge, wine tasting in the Willamette Valley, dining at local restaurants, hosting social gatherings, perusing an art gallery, flowing through hot yoga, drinking a good hazy IPA at a brewery, listening to an audiobook or podcast, attending a networking event, chaperoning my daughters field trips. boating on the river, or unwinding at local spas and bathhouses.
I stay deeply connected to my community through volunteering and board participation. I’m especially passionate about children’s needs—particularly those involved in the foster care system—climate impact and sustainability, justice and equity for people of color, and mental health advocacy.
My clients consistently rate their experience with me five stars, whether they are buying selling or simply attending one of the first time home buying classes I host for free to educate and empower the community. I’ve been called the “queen of resources and connections,” and I take that seriously. I’m known for navigating down payment assistance programs, grants, ADUs, seller financing, and non-traditional paths to ownership with ease and clarity. Think polished expertise with a side of “I got you.” Access is power. Education is leverage. And I believe everyone deserves both. I’m also a real estate investor who manages my own properties, including an ADU, so my guidance is grounded in lived experience. I understand long-term value, cash flow, development potential, and creative strategy—not just on paper, but in practice. As a black woman in real estate, I lead with excellence and purpose in an industry where representation is still very rare. I’m honored to be the first African American broker in Oregon state history to close a transaction with a Black-owned title and escrow company, but my greatest accomplishment is impact—helping clients secure stability, build wealth, and step confidently into ownership. I run a tight ship—transparent, strategic, and supportive—but don’t get it twisted, we’ll laugh too. I bring luxury-level service without the stiffness. Professional polish with real and genuine personality. To me, real estate isn’t just about property—it’s about security, freedom, and community. And when you work with me, you’re not just closing a deal… you’re building something bigger. Follow along: @Jessica_TheHomeGirlWhat Clients Are Saying:
Clients consistently share that working with me feels:
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Supportive and steady, even in high-pressure moments
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Clear and transparent, with no unanswered questions
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Strategic and informed, particularly during negotiations
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Personal, never transactional
First-time buyers say they felt educated and empowered. Sellers value my pricing insight and communication. Investors trust my numbers, perspective, and long-term thinking. Five stars—because the experience is intentional!
Affiliations and Accolades:
- ADU Specialist
- Earth Advantage Certified
- Portland NAACP (Member)
- LRR Diversity Chair Award Winner
- Lents Neighborhood Association (Former President)
- Youth Rights and Justice (Board Member & Sponsor)
- Asian Real Estate Association of America (Member)
- National Association of Real Estate Brokers (Member)
- Portland Metropolitan Association of Realtors (Member)
- Broker Advisory Group at Living Room Realty (2024-2026)
- T: 971-230-8164
- jessicaw@livingroomre.com
