PORTLAND REAL ESTATE MARKET - APRIL 2025

April brought a wave of fresh opportunities for buyers and sellers alike, with 3,358 new listings hitting the market—a 7.6% increase from April 2024 and a significant 25.9% jump from March. This rise in inventory means more choices for buyers and more chances for sellers to connect with motivated purchasers. While pending sales dipped slightly by 3.8% year-over-year, they held steady at a 1.2%  month-over-month increase, showing that buyer interest remains strong. Closed sales came in at 1,880, virtually unchanged from last year and up 16.6% from March, signaling healthy momentum as we head into late spring.

Homes are also moving faster, with average market time dropping to 62 days, and inventory holding at a balanced 3.1 months—creating a sweet spot for both buyers and sellers. Year-to-date numbers reinforce this positive trend: new listings are up 6.5%, pending sales have risen 0.7%, and closed sales are up 4.7% compared to the same period in 2024.

Perhaps the strongest industry indicator is the steady growth in home values. The average sale price has increased 2.6% year-over-year to $606,700, and the median price has grown 2.1% to $540,000. These upward trends show continued confidence in the market and suggest long-term equity potential for today’s buyers. Interest rates remain steady giving buyers confidence that there aren’t likely to be any major swings in the coming weeks.

In short, the market is active, balanced, and full of opportunity. Whether you’re looking to buy your first home, upgrade your space, or invest in your future, now is a great time to make your move. Let’s connect and create a plan that works for you!