How Tight Is the Housing Market in Oregon in Q4 2025? | REAL ESTATE by REAL PEOPLE

Oregon saw a housing vacancy rate of 1.7% as of Q4 2025, higher than the national avg of ~1.4%.
The lingering effects of underbuilding since 2008 have left the US short by an estimated 4–7M homes, keeping pressure on supply.
In Oregon, 7.1% of vacant homes were classified as “zombie” properties, meaning they were abandoned while in foreclosure.
Nationally, the share of zombie homes declined slightly in Q4 2025, suggesting modest improvements in housing utilization.
Foreclosures continued in Oregon, but abandoned properties were gradually decreasing.