A real estate website says home prices in the Portland area could increase at the second-fastest rate in the nation next year.
Realtor.com released its 2023 Housing Forecast Wednesday.
According to the Portland Press Herald, the Portland-South Portland market could see a 10.3 percent increase in the median price for existing homes.
That increase would be second only to Worcester, Massachusetts.
Nationally, the website is predicting a 5.4 percent increase.
Despite the high ranking from Realtor.com, home prices in the Portland area currently are not growing nearly as fast as they did during the start of the pandemic.