Published February 13, 2026
PORTLAND REAL ESTATE MARKET- JANUARY 2026
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As we settle into 2026, the January housing data is in, and it paints a picture of a market that is finding more balance. While winter months usually see a seasonal lull, the latest numbers reveal some exciting momentum for both buyers and sellers looking to make a move this spring. The "rebound" from the December holiday slowdown is already in full swing, with triple-digit growth in new listings and a significant jump in accepted offers.
For sellers, the inventory surge is a clear signal that it’s time to get ready for action. January saw a massive 109.9% increase in new listings compared to December, showing that homeowners are shaking off the winter chill. More importantly, pending sales jumped by 38.4% month-over-month, proving that buyers are active and eager to sign contracts. While prices have adjusted slightly from the highs of early 2025, the rolling 12-month average and median sale prices have remained remarkably stable at no measurable change.
Buyers also have plenty of reasons to be optimistic as we head into the new year. The "bidding war" fatigue of previous years is being replaced by a much more approachable market. Inventory has climbed to 4.3 months, meaning you have more homes to tour and less pressure to make a snap decision. Additionally, the median sale price has dipped about 5% compared to last January, landing at $510,000. Combined with a bit more total market time—now averaging 89 days—you finally have the room to breathe, negotiate, and find a home that truly fits your needs. Additionally, with interest rates down approximately 1% from this time last year, buyers are getting some relief in lower monthly payments and the Affordability Index at its highest point in over 2.5 years which is a great sign that many factors are aligning for buyers to make a move this year!
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