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Portland Market Stats & Neighborhoods Report ~August 2025

9/18/2025

Overview/Fluctuations ~ August 2025:        August showed us fewer New Listings than July & Aug 2024, but Pending sales rose over both. Inventory dipped slightly, but nothing huge- lots of Sellers got tired of waiting and took their homes off the market. Look for many of those to come back on now that Fall is basically here AND the Fed announced they’re dropping interest rates by a quarter point. Note: Mortgage rates, already lowered some, may go lower based on the Fed’s announcement they’ll be doing it again a couple times before the end of the year. I added a 3rd column to my Neighborhoods Report below so that we can see a longer trendline.

Rates:   “Mortgage rates have been beginning to show signs of stability this Fall. We are currently seeing the 30 Year Fixed Rate in the 5.875% to 6.25% range on a primary single family purchase loan (depending on points/down payment).”  Neil Vandehey, Mortgage Loan Officer, OnPoint Community Credit Union

According to the RMLS Market Action Report for the Portland Metro Area August 2025:

  • There were 2,476 New Listings in August which decreased 7.2% from the 2,669 in August 2024,  decreased 15.5% from the 2,931 in the previous month/July.
  • At 2,021 August 2025’s Closed Sales (Solds) are up 3.3% from August 2024’s 1,957 and up 0.8% from previous month’s total of 2,005.
  • At 2,275 August’s Pending Sales (Accepted Offers) are up 10.9% from August 2024’s 2,052, and 4.5% from the previous month/July’s total of 2,177 Accepted Offers.
  • The Average Sale Price for August 2025 of, $620,500 is down just $300. from last year/August 2024’s and down $1,300 from the p­­revious month/July’s $621,800. 
  • The “Median Sale Price”  (the price smack dab in the middle of all sales) in August 2025 of $550,000 is up from August 2024’s $555,000, & down $5,000 from the previous month’s $555,000.    
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Portland Market Stats & Neighborhoods Report ~ July 2025

New Listings & Pending Sales are down from the month prior. Inventory has inched up a bit in a continuing trend. July is typically vacation time, so slowing is normal every year. Next month usually shows a seasonal adjustment in increased activity~we’ll see. Prices took quite a dip overall from the month prior, so right now is a great time to Buy if you’ve been thinking about it. Rates are lowering. Check out “Neighborhoods” below to see which ones are going up and which are going down in price: Look at Gresham area, and NE Portland took a pretty big price haircut so there’s an opportunity.

Rates:   “We have seen a nice improvement recently with rates moving into the lower 6% range!” Gary Boyer, Certified Mortgage Planner, Vantage Mortgage Brokers

According to the RMLS Market Action Report for the Portland Metro Area July 2025:

  • There were 2,931 New Listings in July which increased a slight 0.9% from the 2,905 in July 2024, and decreased 5.3% from the 3,096 in the previous month/June.
  • At 2,005 July 2025’s Closed Sales (Solds) are down 3.4% from July 2024’s 2,075 and up 0.9% from the previous month’s total of 1,988.
  • At 2,177 July’s Pending Sales (Accepted Offers) are down 0.6% from July 2024’s 2,191, and up a are decreased 4.0% from the previous month/June’s total of 2,267 Accepted Offers.
  • The Average Sale Price for July 2025 of, $621,800 is down $1,100. from last year/July 2024’s $622,900, and down $12,600 from the p­­revious month/June’s $634,400. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in July 2025 of $555,000 is up $5,000 from July 2024’s $550,000, & down $15,000 from the previous month’s $570,000.    
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Portland Market Stats & Neighborhoods Report ~ June 2025

Buyers and Sellers are out there doing their thing…just nothing dramatic to report as far as changes from last year or the previous month go. Generally speaking activity is up from last June and down from the month prior. The biggest data point that stands out is the big drop in New Listings from May, but most people aiming for listing their home in spring have already done so, so that makes sense. Now we move into the summer market which is different from spring as people readjust to summer schedules & head out on vacation. Prices are up & down all across metro, but basically not moving by all that much. Inventory continues to rise & summer listings are coming!

Rates:  “ ‘Tariff Talk’ continues to weigh heavily on the markets. Right now rates are in the mid 6% range. Gary Boyer, Senior Mortgage Specialist, Directors Mortgage

According to the RMLS Market Action Report for the Portland Metro Area June 2025:

  • There were 3,096 New Listings in June which increased a slight 1.7% from the 3,044 in June 2024, and decreased a whopping 15.2% from the 3,651 in the previous month/May.
  • At 1,988 June 2025’s Closed Sales (Solds) are down 4.5% from June 2024’s 2,081 and down 1.5% from the previous month’s total of 2,018.
  • At 2,267 June’s Pending Sales (Accepted Offers) are up 2.3% from June 2024’s 2,217, and up a are also down 1.4% from the previous month/May’s total of 2,299.
  • The Average Sale Price for June 2025 of, $634,400 is down $1,800. from last year/June 2024’s $636,200, and up $10,300 from the p­­revious month/May’s $624,100. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in June 2025 of $570,000 is up $5,000 from June 2024’s $565,000, & basically the same/up $500 from the previous month’s $569,500.    

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Portland Market Stats & Neighborhoods Report ~ May2025

We are up in all categories from April to May- New Listings, Pending Sales, Closed Sales and Average & Median Prices.  Inventory is up as well & Market-Time decreased by 7 to 55 days. The Gresham area still leads the way with affordability & appreciation. The biggest jump in Average price from April to May occurred in: NE Portland (by $58,000), & the biggest drops were in NW Wash County (by $103,200) & Lake Oswego/W Linn (by $82,100) and/but both of those areas, particularly Lake Oswego, have a wide range of home price levels to average out.

Rates:  “The worries over increasing inflation have hung over markets for three months yet both CPI and the PCE inflation gauges have been relatively unchanged. The 30 yr fixed is hovering in the 7.0% to 7.25% range.” Gretchen Russell, Senior Mortgage Consultant, Two Rivers Mortgage.

According to the RMLS Market Action Report for the Portland Metro Area May 2025:

  • There were 3,651 New Listings in May which increased 4.1% from the 3,508 in May 2024 and also increased 8.7% from the 3,358 in the previous month/April.
  • At 2,018 May 2025’s Closed Sales (Solds) are down 5.7% from May 2024’s 2,140 and up 7.3% from the previous month’s total of 1,880.
  • At 2,299 May’s Pending Sales (Accepted Offers) are down 2.7% from May 2024’s 2,363, and up a are up 3.3% from the previous month/April’s total of 2,225.
  • The Average Sale Price for May 2025 of, $624,100 is down $8,000. from last year/May 2024’s $629,000, and up a whopping $7,300 from the p­­revious month/April’s $616,7000. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in May 2025 of $569,500 is up $11,000 from May 2024’s $558,500, and up $19,500 from the previous month’s $550,000.    
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Portland Market Stats & Neighborhoods Report ~ April 2025

Overview/Fluctuations ~ April 2025 Market Data:  

Contrary to national trends, general consensus among Realtors in the Portland and surrounding areas is that activity took a big leap in April. It seems the numbers bear that out. Up in activity & prices from March. Time on the market is down. All that indicates Buyers are out and wanting to get some stability in their lives during somewhat uncertain times. Waiting for lower rates means waiting for more activity/competition which also inevitably means higher prices. Sometimes it’s good to consult a mortgage pro about what you can afford, make your move, and refinance later on at a lower rate. 

That said, in the Neighborhoods Report below, you’ll see that prices dropped in Gresham, Beaverton & Hillsboro, which is great for Buyers. They also dropped in Lake Oswego but there is such a wide range of prices there that it is not a good indicator overall.

Rates:  “Rates have ticked up recently as the Federal Reserve continues to watch for data to determine future rate cuts.  Currently, 30 year fixed rates are hovering in the high 6.9 to low 7% range. All eyes are on the upcoming FOMC meeting June 17th and 18th, which will include a Summary of Economic Projections.” Gretchen Russell, Senior Mortgage Consultant,Two Rivers Mortgage

According to the RMLS Market Action Report for the Portland Metro Area April 2025:

  • There were 3,358 New Listings in April which increased 7.6% from the 3,120 in April 2024 and also increased 25.9% from the 2,667 in the previous month/March.
  • At 1,880 April 2025’s Closed Sales (Solds) are down 0.2% from April 2024’s 1,883 and up 16.6% from the previous month’s total of 1,613.
  • At 2,225 April 20down’s Pending Sales (Accepted Offers) are down 3.8% from April 2024’s 2,313, and up a scant 1.2% from the previous month/March’s total of 2,199.
  • The Average Sale Price for April 2025 of, $616,700 is down  slightly/$2,200. from last year/April $618,900, and up a whopping $19,430 from the p­­revious month/March’s $597,400. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in April 2025 of $550,000 is up $7,000 from April 2024’s $543,000, and up $8,000 from the previous month’s $542,000.    
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Portland Year-End Stats & Neighborhood Report ~ Dec 2024

Overview/Fluctuations ~ December 2024 Market Data:  

(**Check out my Neighborhoods Report at the bottom for details specific to your neighborhood or area of interest.)

New Listings, Pending Sales and Closed Sales were all up from year-end 2023 and down from the previous month, November 2024. Average Sale Price is down slightly from last year and down significantly fron November, whereas the Median Sale Price remained approximately the same. Inventory continues to be low, and we also need to remember that this is somewhat normal for holiday time every year, as are fluctuations in activity. See the Year-End Neighborhood Report below where I compare the differences in Price and Appreciation/Depreciation for each area of the general Portland Metro Area. Happy 2025! It’s off to a busy start!

Rates: “Positive news on inflation has helped stabilize rates in the mid to upper 6% range”    Gary Boyer, Regional VP, Gold Star Mortgage Financial  

                                                                                                                                                                                                 According to the RMLS Market Action Report for the Portland Metro Area December 2024:

  • There were 1,068 New Listings in December which increased 4.1% from the 1,026 in Dec 2023 and decreased 26.8% from the 1,459 in the previous month/Nov.
  • At 1,534 Dec 2024’s Closed Sales (Solds) are up 15.3% from Dec 2023’s 1,330 and down 8.7% from the previous month’s total of 1,681.
  • At 1,326 Dec 2024’s Pending Sales (Accepted Offers) are up 1.3% from Dec 2023’s 1,309, and decreased 16.2% from the previous month/Nov’s total of 1,582.
  • The Average Sale Price for December 2024 of, $578,300 is down$8,500. from last year/Dec $586,800, and down a whopping $37,400 from the p­­revious month/Nov’s $615,70. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Dec 2024 of $525,000 is unchanged from Dec 2023’s $525,000, and down $10,000 from Nov’s $535,000.  
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Portland Market Stats & Neighborhood Report ~ Nov 2024

Overview/Fluctuations ~ November 2024 Market Data:  

(**Check out my Neighborhoods Report at the bottom for details specific to your neighborhood or area of interest.)

No big surprises in November.  Inventory rose slightly, but not by much.  Little has changed in the most active price ranges being pursued, and West Portland seems to be the winner so far in overall Price/Value and Appreciation (from the home-owners’ perspective) . Predictions from experts including the National Association of Realtors’ Chief Economist is that rates will remain  in the the 6% range for the foreseeable future, with others predicting fluctuations between around 5.8% to 6%. This means that it is more important than ever for Buyers to be Pre-Approved and ready to lock their rate when the dips happen.***BUT, anyone who says they know what is actually going to happen is not being as truthful as they could be ; ) Many things are changing this year that we can’t predict, and we understand the Fed is about to lower rates again.

Rates: “Rates are now hovering around the 6.0% to 5.999% range, depending on score and down payment.  The markets are expecting the Fed to cut the Fed Funds Discount Rate by another .25% at this week’s meeting.” Gretchen Russell, Senior Mortgage Consultant, Two Rivers Mortgage

According to the RMLS Market Action Report for the Portland Metro Area November 2024:

  • There were 1,459 New Listings in November which decreased 20.2% from the 1,828 in Nov 2023  and down 36.1% from the 2,283 in the previous month/Oct.
  • At 1,681 Nov 2024’s Closed Sales (Solds) are up 25.1% from Nov 2023’s 1,344 and down 14.9% from the previous month’s total of 1,975.
  • At 1,582 Nov 2024’s Pending Sales (Accepted Offers) are up 9.8% from Nov 2023’s 1,441, and decreased 21.6% from the previous month/Oct’s total of 2,018.
  • The Average Sale Price for November 2024 of, $615,700 is up$19,600. from last year/Nov $596,100, and up $11,500 from the p­­revious month/Oct’s $604,200. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Nov 2024 of $535,000 is up by $7,400 from Nov 2023’s $527,600, and down $5,000 from Oct’s $540,000.    
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Portland Market Stats & Neighborhood Report ~ Oct 2024

Overview/Fluctuations ~ October 2024 Market Data:    

Portland is humming along, though Fall is a slower market traditionally as people enter the “Black Hole of the Holidays”. This year we were impacted with higher than expected rates & many holding off amidst election uncertainty to proceed in 2025 afresh. So, we are seeing a lot of Sellers removing their homes from the market & deciding to re-list in the Spring or after the first of the year. All that said, Closed Sales rose from both October 2023 & 2024, so perhaps that was a burst of Offers accepted right after the hotly anticipated/ultimately disappointing (for immediate mortgage rate relief) Fed rate cut on Sept 18th? Average Sale Price on the whole was down due to Buyer pressure as well.

Rates: “The election, economic reports and geopolitical events have not had much impact on rates. Rates are hovering in the 6% range.   The next Fed Meeting is December 17-18th, and they are watching the economic data between now and then.”    Gretchen Russell, Senior Mortgage Consultant,Two Rivers Mortgage

According to the RMLS Market Action Report for the Portland Metro Area October 2024:

  • There were 2,283 New Listings in October which is up 3.4% from the 2,207 in Oct 2023 and down 11.8% from the 2,589 in the previous month/Sept.
  • At 1,975 Oct 2024’s Closed Sales (Solds) are up 18.3% from Oct 2023’s 1,670 and from the previous month’s total of 1,702.
  • At 2,018 Oct 2024’s Pending Sales (Accepted Offers) are up 24.2% from Oct 2023’s and decreased 2.8% over the previous month/Sept’s total of 2,076.
  • The Average Sale Price for October 2024 of, $604,200 is up$11,500. from last year/Oct $592,700, and down $13,000 (!!) from the p­­revious month/Sept’s $617,200. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Oct 2024 o$540,000 is up $15,000 over Oct 2023’s $525,000, and less by $1,000 than Sept’s $541,000.    
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Portland Market Stats & Neighborhood Report ~ Sept 2024

Overview/Fluctuations ~ September 2024 Market Data:    

The big news for September is that there is no real big news. Things are shifting slowly following the Fed’s interest rate cut on Sept 18, and this is taking some time to impact on the ground & won’t show much for Sept. The things we *are* seeing include increasing Pending sales (not decreasing) from the month prior, increasing Inventory, most neighborhoods back in appreciation territory, and/but overall downward pressure on price with “time on market” increasing from 48 days in August to 55 days in September, further indicating Buyers waited it out. Though it takes time for the Fed’s actions to impact mortgage rates, it is happening, and we see increased activity, and notably happier Buyers out making Offers!

Rates: “Strong jobs numbers have halted rates dropping, but the Fed has signaled more cuts ahead which should help. Right now we are in the low 6% range.” Gary Boyer, Regional VP, Gold Star Mortgage Financial  

According to the RMLS Market Action Report for the Portland Metro Area September 2024:

  • There were 2,589 New Listings in September which is down 4.6% from 2,713 in Sept 2023 and down 3.0% from the 2,669 in the previous month/August.
  • At 1,702 Sept 2024’s Closed Sales (Solds) are down 0.9% from Sept 2023’s 1,717 and down 13.0% from the previous month’s total of 1,957.
  • At 2,076 Sept 2024’s Pending Sales (Accepted Offers) increased 14.8% from Sept 2023’s 1,809, and increased 1.2% over the previous month/August’s total of 2,052.
  • The Average Sale Price for September 2024 of, $617,200 is up$21,300. from last year/Sept 2023’s $595,900, and down $3,600 from the p­­revious month/August’s $620,800. 
  • The “Median Sale Price (the price smack dab in the middle of all sales) in Sept 2024 of $541,000 is up $3,700 from Sept 2023’s $537,400, & down $14,000 from August’s $555,000    
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Portland Market Stats & Neighborhood Report ~ August 2024

Overview/Fluctuations ~ August 2024 Market Data:       

Prices were notably declining across much of the Portland area during August (see Neighborhood Report below), with a few exceptions mostly in outer metro areas. New Listings are down 8.7% from last year at this time, and Pending sales are down 6.3% from the previous month/July. Anecdotally, we’ve noticed Buyers & Sellers saying they’re holding off till the Fed lowers rates… ***which it just did*** by ½ point! It also announced another likely rate cut this year. I guess we’ll see if that spurs more activity for our usual upswing in the Fall. Inventory is rising consistently if slightly.

Rates: “The Federal Reserve is confident inflation is in check. Rates should be solidly in the 5’s soon!”.      Gary Boyer, Regional VP, Gold Star Mortgage Financial  

According to the RMLS Market Action Report for the Portland Metro Area August 2024:

  • There were 2,669 New Listings in August which is down 8.7% from 2,923 in August 2023 and down 8.1% from the 2,905 in the previous month/July.
  • At 1,957 August 2024’s Closed Sales (Solds) are down 9.2% from August 2023’s 2,155 and down 5.7% from the previous month’s total of 2,075.
  • At 2,052 August 2024’s Pending Sales (Accepted Offers) changed 0.0% from August 2023’s 2,053, and decreased 6.3% from the previous month/July’s total of 2,191.
  • The Average Sale Price for August 2024 of, $620,800 is up$12,500. from last year/August 2023’s $608,300, and down $2,100 from the p­­revious month/July’s $622,900. 
  • The “Median Sale Price“ (the price smack dab in the middle of all sales) in August 2024 of $555,000 is up $19,000 August 2023’s $536,000, & up $5,000 from July’s $550,000