Sell Foster-Powell Neighborhood Portland, OR house or hold it

[Sunny Hande]

Hi All,

We own a house in foster-Powell neighborhood of SE Portland Oregon since 2008 and this was our primary residence till 2016. In April 2016, we bought another house and started renting the SE PDX. Managing this rental so far has been easy and it rents fast.

Now the SE PDX market seems to be growing at a slower rate than it was couple of years ago and if we don't sell before next year April, I would have to pay capital gain taxes.

So my question is - Should I sell this house now and avoid paying capital gain taxes and re-invest the proceeds back when the market hits a downturn or hold on it this house for the long term?

Any advise on this would be highly appreciated.