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.
