PORTLAND REAL ESTATE MARKET- JULY 2025

The Portland Metro July housing numbers continue to show signs of a healthy and stable market, offering both buyers and sellers opportunities to make confident moves. New listings reached 2,931, a modest 0.9% increase from this time last year, helping to keep fresh options available. While pending sales saw a slight dip compared to both last year and the previous month, closed sales held steady—rising nearly 1% over June—which reflects continued buyer activity and follow-through.

Inventory ticked up to 3.7 months, a positive sign that supply is balancing out and providing more breathing room for buyers. Market time also remained steady at just over 50 days, indicating that well-priced homes continue to sell in a timely manner.

Average and median sale prices remain solid, with the average home now selling for $615,700—up 0.8% from last year—and the median at $550,000, a 0.9% increase. Over the past 12 months, prices have risen even more, reflecting a steady gain in long-term value.

Interest rates have been trending down in just the last few weeks and are hovering around 6.6%. As this news makes its way into mainstream media, buyer interest is picking up as well with more showings and inquiries on listings.

Overall, these numbers point to a balanced and resilient market, with plenty of opportunity for buyers looking for options and sellers ready to take advantage of solid home values. If you're considering a move, now is a great time to discuss your next steps.