PORTLAND REAL ESTATE MARKET- FEBRUARY 2026

If you’ve been waiting for the perfect time to make a move in the housing market, the latest data from February 2026 suggests that now is a fantastic time to explore your options. We are seeing some truly encouraging momentum, particularly when it comes to activity levels. Compared to both last year and last month, we’ve seen a notable rise in new listings hitting the market, which is great news for buyers looking for more selection. Simultaneously, buyer demand is surging due to rates hovering around 6%, evidenced by a solid increase in pending sales. This dynamic interplay of more homes becoming available and more buyers stepping up to the plate is creating an active environment that is full of opportunity.

For those considering selling, this is an excellent time to showcase your home. With a healthy influx of motivated buyers actively searching, well-positioned properties are seeing strong interest. Meanwhile, buyers can feel encouraged by new inventory, which offers more choices and a bit more breathing room than we’ve seen recently. While we’ve seen some adjustments in median and average sale prices, with prices temporarily lower than this time last year, that is sure to change in the spring market. The Affordability Index continues to climb thanks to lower interest rates and all signs point to the best conditions for buyers that we’ve seen in the last four years!