In the 4th Quarter report issued by Zillow.com Oregon’s real estate market is showing signs of stagnating or even declining for homes purchased in 2007. Of course this information is based mostly on estimates and the ranges for error are significant.

Perhaps the more telling sign for Oregonians is what is happening in California. As can be seen by this image California is the hardest hit real estate market which has cut off the supply of buyers moving north to Oregon which Oregon has benefited from your the past 5-6 years.