PORTLAND REAL ESTATE MARKET- JUNE 2025

The June housing market data for the Portland Metro is in, and it continues to highlight a steady and promising real estate environment for buyers and sellers alike. New listings reached 3,096 last month—a slight 1.7% increase from June 2024—offering a healthy level of inventory for those actively searching for their next home. While this represents a seasonal dip from May’s listing surge, it’s encouraging to see more homes entering the market compared to this time last year.

Pending sales also saw a modest bump, up 2.3% from last June, showing that buyer demand remains strong even with slightly higher inventory. Closed sales came in at 1,988—down 4.5% from a year ago and 1.5% from May, indicating steady transaction activity as we move through summer. On the timing front, homes are moving faster, with average market time decreasing to just 51 days—great news for sellers aiming for quicker closings.

One of the most reassuring trends continues to be price stability. The average sale price year-to-date rose to $614,800—a 1.2% increase over the same period last year—while the median sale price climbed 1.5% to $550,000. These figures demonstrate consistent equity growth for homeowners and a balanced market that benefits both sides of the transaction.

With inventory now at 3.6 months, buyers have more choices, and sellers are still seeing strong returns. Additionally, interest rates have come down about 0.25% from May & June offering an opportunity for buyers to take advantage of the market this summer! Whether you're thinking of entering the market or just keeping an eye on trends, now is a great time to explore the opportunities available!