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Expecting a recovery in apartment pricing, investors drive dramatic increase in Portland multifamily sales

Flurry of fourth-quarter deals pushes the 2024 total to a 63% increase from 2023
CoStar Analytics
February 21, 2025 | 11:24 P.M.

Investment activity in Portland, Oregon's apartment sector rebounded sharply in 2024, particularly in the fourth quarter. Anticipating a pricing recovery, investors snapped up $1.5 billion in apartment sales over the past 12 months, a dramatic increase from the 2023 total of $947 million.

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