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Portland Market Stats & Neighborhoods Report ~ Jan 2026

2/15/2026

Well…there is a lot happening here.  In the overall Portland area, January prices dropped by similar amounts to how much they rose last year at the same time…up then $28,000 & now down $35,000 from the years prior (Jan 2024 & 2025), and up then $22,000 to down now $28,000 from the months prior (Dec 2024 & Dec 2025). So, prices are stabilizing from the highs of 2025 and the number of New Listings just rose an incredible 109.9% from December, so plenty of newness in the Portland area! I believe a lot of people took their homes off the market during the holidays and are putting them back on now, and from the 38.4% rise in Pending sales from Dec’25 to Jan ‘26 it appears Buyers are out taking advantage of the exciting trends in 2026.  This is great news for both Buyers and Sellers. Expect a busy Spring.

Check out the Neighborhoods Breakdown at the bottom~

Rates: “Muted inflation numbers are helping the bond markets. Fixed rates are in the upper 5% range currently.” Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources

  • There were 2,109 New Listings in January which decreased 4.4% from the 2,205 in Jan 2025, & increased an unheard-of 109.9% from the 1,005 in the previous month/Dec.
  • At 1,111 January 2026’s Closed Sales (Solds) are down 8.4% from Jan 2025’s 1,213, and down 32.0% from the previous month’s total of 1,633.
  • At 1,708 January’s Pending Sales (Accepted Offers) are down 0.6% from Jan 2025’s 1,326, and up a substantial 38.4% from the previous month/December’s total of 1,234 Accepted Offers.
  • The Average Sale Price for January 2025 of, $568,000 is down $32,300. from last year /January 2025’s $600,300, and down $28,400 from the p­­revious month/Dec’s $596,400. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in January 2025 of $510,000 is down $27,000 from January 2025’s $537,000, & down $25,000 from the previous month’s $535,000.
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Portland Year-End Stats & Neighborhood Report ~ Dec 2025

Overview/Fluctuations ~ December 2025/Year-End Market Data

New Listings and Pending sales over the whole metro area are down from last year at this time, while Closed Sales rose by 6.5%. Average Sale Price is up overall, whereas it’s both up & down in various areas.  North Portland is down notably from last year at this time and NW Washington County also saw a significant drop in price. Hillsboro and Forest Grove areas also took dips.  Inventory is up slightly from last year at this time and down significantly from November. See Neighborhoods Report below. While rates have been recently dipping into the upper 5’s they are currently in the low 6% range amid uncertain world events and the related effect on markets.

Rates:   “After a highly volatile week from concerns about a trade war erupting with Europe, markets are calming down. Rates are in the low 6% range.” Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources

  • There were 1,005 New Listings in December which decreased 5.9% from the 1,068 in Dec 2024, & decreased a whopping 30.1% from the 1,437 in the previous month/Nov.
  • At 1,633 December 2025’s Closed Sales (Solds) are up 6.5% from Dec 2024’s 1,534, and down 26.4% from the previous month’s total of 1,520.
  • At 1,234 December’s Pending Sales (Accepted Offers) are down 6.9% from Dec 2024’s 1,326, and down a substantial 24.2% from the previous month/November’s total of 1,628 Accepted Offers.
  • The Average Sale Price for December 2025 of, $596,400 is up $18,100. from last year /December 2024’s $578,300, and down $3,300 from the p­­revious month/Nov’s $599,700. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in December 2025 of $535,000 is up $10,000 from December 2024’s $525,000, & unmoved from the previous month’s $535,000.
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Portland Market Stats & Neighborhoods Report ~ Nov 2025

12/22/2025

November saw seasonal slowing in New Listings, Pending & Closed Sales from October. Pending sales are up 2.9% over Nov 2024. Inventory is up a little bit. The 3-month trajectory on prices (see the Neighborhood Report below) is all over the place with some areas dropping some in October & coming back up, and others- specifically N Portland, Lake Oswego, W Portland & Tigard all on a steady 3-month decline. The recent expert predictions for 2026 that I’ve heard are for a more traditional, seasonal market and a busy Spring.

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

  • There were 1,437 New Listings in November which decreased 1.5% from the 1,459 in Nov 2024, & decreased a whopping 39.3% from the 2,366 in the previous month/Oct. (relatively normal, seasonal changes)
  • At 1,520 November 2025’s Closed Sales (Solds) are down 9.6% from Nov 2024’s 1,681, and down 26.4% from the previous month’s total of 2,066.
  • At 1,628 November’s Pending Sales (Accepted Offers) are up 2.9% from Nov 2024’s 1,582, and down 18.1% from the previous month/October’s 1,988 Accepted Offers.
  • The Average Sale Price for November 2025 of, $599,700 is down $16,000. from last year /November 2024’s $615,700, and down $6,300 from the p­­revious month’s $606,000. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in November 2025 of $535,000 is unmoved from November 2024’s $535,000, & down $5,000 from the previous month’s $540,000.    
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Portland Market Stats & Neighborhoods Report ~ Oct 2025

Nov 16, 2025

The news is in some of the changes from Sept to Oct this year: Closed sales up 13.2%, and Average Sale Price down $10,900. Inventory dipped just a bit but it’s staying relatively steady & at least up some from last year. N, NE, SE and Gresham area as well as Hillsboro area are all on a steady 3-month trajectory downward in price. ***I tell people every year at this time that it can be the best time of year to buy a home due to prices and the general willingness of people to be more open to negotiating on price or terms with Sellers trying to get things done before the holidays and/or the end of the year.

Check out the Neighborhoods Breakdown at the bottom~

Rates: “I expect volatility as economic reports are released after the government shutdown. Rates are currently hanging in the low 6% range.” Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources

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

  • There were 2,366 New Listings in October which increased 3.6% from the 2,283 in Oct 2024, & decreased 5.3% from the 2,498 in the previous month/Sept.
  • At 2,066 October 2025’s Closed Sales (Solds) are up 4.6% from Oct 2024’s 1,975, and up 13.2% from the previous month’s total of 1,825.
  • At 1,988 October’s Pending Sales (Accepted Offers) are down 1.5% from Oct 2024’s 2,018, and down 7.3% from the previous month/September’s total of 2,145 Accepted Offers.
  • The Average Sale Price for October 2025 of, $606,000 is up $1,800. from last year /October 2024’s $604,200, and down a whopping $10,900 from the p­­revious month/Sept’s $616,900. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in October 2025 of $540,000 is unmoved from October 2024’s $540,000, & down $5,000 from the previous month’s $545,000.    
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Portland Market Stats & Neighborhoods Report ~Sept 2025

Oct 18, 2025

Pricing Trends: N and SE Portland are showing steady downward movement in price during the last 3 months. NE Portland bumped up a bit in August but is also down price-wise from July. NW Portland is also on a steady 3-month trajectory downward in price, whereas West Portland & Lake Oswego are in a steady upward 3-month trend. Gresham/ Troutdale area continues to be the metro area’s best bang for your buck as a Buyer. Common understanding is that all this movement is due to tumult over interest rates. We’ll see what happens the next few months as rates are expected to decline.

Rates:   “The 30 year conventional rate is hovering around 6.5%.  The bond market expects the Federal Reserve to announce a .25 point reduction to Federal Funds discount rate at their next meeting on October 29th.                                                    

Gretchen Russell, Senior Mortgage Consultant, Two Rivers Mortgage.

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

  • There were 2,498 New Listings in September which decreased 3.5% from the 2,076 in Sept 2024, & increased 0.9% from the 2,476 in the previous month/August.
  • At 1,825 September 2025’s Closed Sales (Solds) are up 7.2% from Sept 2024’s 1,702, and down 9.7% from previous month’s total of 2,021.
  • At 2,145 September’s Pending Sales (Accepted Offers) are up 3.3% from Sept 2024’s 2,076, and down 5.7% from the previous month/August’s total of 2,275 Accepted Offers.
  • The Average Sale Price for September 2025 of, $616,900 is down just $300. from last year/August 2024’s $617,200, and down $3,600 from the p­­revious month/August’s $620,500. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in September 2025 of $545,000 is up $4,000 from September 2024’s $541,000, & down $5,000 from the previous month’s $550,000.    

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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.