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Portland Market Stats & Neighborhoods Report~May 2026

June 15, 2026

Overview/Fluctuations ~ May 2026 Market Data:       

New Listings slowed down a little over last year & the previous month. That said, people were busy as Pending and Closed sales went up in volume & Inventory rose a bit.  Several areas of town are showing prices evening out some while NE & SE Portland continue in a steady upward trajectory & Beaverton & Tigard areas seem to be on a steady downward trail. Check out the Neighborhoods Report at the bottom for a 3-month look broken out below.

Rates:   “The markets are responding positively to a peace deal in the Middle East. Rates are in the mid 6’s currently, but I expect they will be coming down soon.”       Gary Boyer, Certified Mortgage Planner, Premier

  • There were 3,246 New Listings in May which decreased slightly, at 11.1%, from the 3,651 in May 2025, & also decreased 4.4% from the 3,391 in the previous month/April.
  • At 2,053 May 2026’s Closed Sales (Solds) are up 1.7% from May 2025’s 2,018, and also increased 2.0% from the previous month’s total of 2,013.
  • At 2,439 May’s Pending Sales (Accepted Offers) are up 6.1% from May 2025’s 2,299, and up 3.5% from the previous month/April’s total of 2,356 Accepted Offers.
  • The Average Sale Price for May 2026 of, $637,300 is up $13,200 from last year/May 2025’s $624,100, and up $22,200 from the p­­revious month/April’s $615,100. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in May 2026 of $560,000 is down from May 2025’s $569,500, & up $10,000 from the previous month’s $550,000.
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Portland Market Stats & Neighborhoods Report~April 2026

Overall, April “Solds” showed increases in price over the previous month, with exceptions in W. Portland, Beaverton & N. Portland, We saw a trend in roughly half the metro wherein prices dipped in March & then rose again in April. Inventory is increasing and activity is up in New Listings as well as Pending & Closed sales. Time on Market continues to decrease and is down from March by 16 days to 63 days in April, but it’s important to note that that number is an overall average. For instance: N Portland averages 42, NE Portland is 47 , SE Portland is 55.  See the Neighborhoods Report for a 3-month Trajectory broken out below.

Rates:   “Rates have continued to seesaw as events unfold in the Middle East- Currently in the mid 6% range.” Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources

  • There were 3,391 New Listings in April which increased slightly, at 1.1%, from the 3,358 in April 2025, & increased a substantial 24% from the 2,738 in the previous month/March.
  • At 2,013 April 2026’s Closed Sales (Solds) are up 7.1% from April 2025’s 1,880, and also  increased 12.5% from the previous month’s total of 1,790.
  • At 2,356 April’s Pending Sales (Accepted Offers) are up 5.9% from April 2025’s 2,225, and up a mere 1.6% from the previous month/March’s total of 2,319 Accepted Offers.
  • The Average Sale Price for April 2026 of, $615,100 is up $1,600 from last year/April 2025’s $616,700, and similarly up $900 from the p­­revious month/March’s $614,200. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in April 2026 of $550,000 is unchanged from April 2025’s $550,000, & up $6,200 from the previous month’s $543,800.

Neighborhoods:

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Portland Market Stats & Neighborhoods Report~March 2026

April 14, 2026

Overview/Fluctuations ~ March 2026 Market Data:       

***Please see the Neighborhoods Breakdown at the bottom to compare your own area or area of choice where I offer a 3-month trajectory on Pricing~

Time on Market decreased from 91 in February to 79 days in March. Activity continued to increase in March with increases in Listings, Pending & Closed Sales. Overall prices rose for the metro even as different parts of town rose and others fell from February (such as Gresham, Milwaukie, NW Washington County & Hillsboro). Interestingly enough, when comparing the first 3 months of 2026 to the same in 2025, Average Sale Price decreased by 1.4% and Median Price decreased by 2.8%. Inventory is at 3.0% right now and Buyers are out in force.

Rates:   “Inflation concerns stemming from the Iran conflict are pushing rates back over 6%.”              Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources

  • There were 2,738 New Listings in March which increased 2.7% from the 2,667 in March 2025, & increased 21.2% from the 2,260 in the previous month/Feb.
  • At 1,790 March 2026’s Closed Sales (Solds) are up 11.0% from March 2025’s 1,613, and increased a substantial 27.4% from the previous month’s total of 1,405.
  • At 2,319 March’s Pending Sales (Accepted Offers) are up 5.5% from March 2025’s 2,199, and up a whopping 27.3% from the previous month/February’s total of 1,821 Accepted Offers.
  • The Average Sale Price for March 2026 of, $614,200 is up $16,800. from last year/March 2025’s $597,400, and up $23,600 from the p­­revious month/Feb’s $590,600. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in March 2026 of $543,800 is up $1,800 from March 2025’s $542,000, & up $18,800 from the previous month’s $525,000.

Neighborhoods:

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Portland Market Stats & Neighborhoods Report ~ Feb 2026

3/12/2026

What a difference a month makes.  February data shows more Buyer activity than in the last 3 years. This influx of Buyers is evening out sale prices. The steep drop from December to January seems to have leveled out, with prices now looking more in the range of December’s. That said, some areas such as Hillsboro, NW Washington County and North Portland are seeing increases in price around $40,000 over December. (see Neighborhoods Report below) Sellers can expect relief from what has been the steadily-increasing Time on Market as well.

Rates:   “Inflation concerns stemming from the Iran conflict are pushing rates back over 6%.”                    Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources

  • There were 2,260 New Listings in February which increased 17.1% from the 1,930 in Feb 2025, &  increased 17.1% from the 2,109 in the previous month/Jan.
  • At 1,405 February 2026’s Closed Sales (Solds) are down 1.6% from Feb 2025’s 1,428, and increased a substantial 26.5% from the previous month’s total of 1,111.
  • At 1,821 February’s Pending Sales (Accepted Offers) are up 10.5% from Feb 2025’s 1,648, and up 6.6% from the previous month/January’s total of 1,708 Accepted Offers.
  • The Average Sale Price for February 2026 of, $590,600 is down $22,500. from last year/February 2025’s $613,100, and up $22,600 from the p­­revious month/Jan’s $568,000. 
  • The “Median Sale Price” (the price smack dab in the middle of all sales) in February 2026 of $525,000 is down $13,300 from February 2025’s $538,300, & up $15,000 from the previous month’s $510,000.

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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. 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 2026 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 2026 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.