
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.
