PORTLAND REAL ESTATE MARKET- AUGUST 2025

August’s housing market showed encouraging signs of strength and opportunity for both buyers and sellers. While new listings dipped compared to both last year and the previous month, buyer activity remained strong, with pending sales up 10.9% from August 2024 and 4.5% higher than July 2025. Closed sales also held steady with 2,021 homes sold, marking a 3.3% increase from last year and a slight uptick from the prior month. Inventory scaled back slightly to 3.5 months from 3.7 months in July, and while total market time rose to 62 days, buyers are finding a sweet spot with lower rates and plenty of negotiating leverage.

Year-to-date numbers continue to reflect a healthy market: new listings are up 3.2%, pending sales have grown 1.4%, and closed sales are ahead 1.0% compared to the same period in 2024. Prices remain stable with the average sale price up 0.7% to $616,200 and the median sale price up 0.9% to $550,000. These steady increases show resilience and continued demand, coupled with interest rates under 6.3% (12 month lows), offer confidence to both buyers and sellers as we move into an expected strong fall market.