Portland's housing market is cooling at the 17th fastest rate in the country, according to Redfin.

Redfin analyzed 100 markets nationwide on the basis of housing demand and competition for homes.

Markets on the West Coast, like Seattle, San Jose, Sacramento and Phoenix -- all ranked in the top ten for cooling off.

Analysts blamed rising mortgage rates and a low supply of homes, among other issues deterring home buyers.

The hottest markets in the country could be found in places like Chicago, Milwaukee and New Haven, Connecticut.