PORTLAND REAL ESTATE MARKET- DECEMBER 2025

December closed out 2025 with a clear picture of a steady, resilient housing market and plenty of opportunity heading into the new year. As expected for the holiday season, new listings and pending sales slowed, with fewer homes coming to market and buyers taking a more measured pace. Even so, closed sales told a positive story, increasing 6.5% compared to December 2024 and 7.4% from November, showing that motivated buyers and sellers continued to successfully come together despite the seasonal slowdown.

Inventory tightened to 2.9 months, reinforcing that demand remains strong, while total market time increased to 81 days — a typical trend for December as buyers take extra time to make decisions. Looking at the full year, 2025 finished on a positive note with new listings, pending sales, and closed sales all up compared to 2024. This consistency throughout the year highlights a healthy market that continues to reward both buyers and sellers who are motivated.

Home values remained stable and encouraging, with the average sale price rising to $612,100 and the median price increasing to $549,000, both up modestly from last year. These steady gains reflect continued confidence in the market and solid long-term value for homeowners.

As we head into 2026, January is a sweet spot in the market that many overlook. Interest rates often hit one of the lowest points of the year, and they dropped to under 6% a few days ago. Meanwhile, more new listings are hitting the market, and there are some tired sellers who have been on the market for a while who are ready to negotiate and move on. Buyers may find advantages in reduced competition as well, while sellers can feel confident knowing pricing has held fairly firm. It’s a great time to start planning your next move and take advantage of the opportunities ahead.