PORTLAND REAL ESTATE MARKET- NOVEMBER 2025

The November 2025 housing market reflected the typical seasonal slowdown, yet continued to show encouraging signs of stability and long-term strength. New listings came in at 1,437 — a slight 1.5% dip compared to last November, and a more noticeable decrease from October as the market shifted into its winter rhythm. Even so, buyer activity remained steady, with pending sales rising 2.9% year-over-year, highlighting ongoing demand despite the holiday-season pause. Closed sales followed expected seasonal trends as well, coming in lower than both last month and last year, but still contributing to a strong year overall.

Inventory rose from 3.1 months to 3.8 months, offering buyers a bit more breathing room, while total market time edged up to 72 days — both normal trends for November and signs of a balanced, thoughtful market. Considering that interest rates are a full 1% lower than earlier this year and are remaining steady at around 6.2%, it’s an excellent time to purchase. There isn’t any data to support significant interest rate decreases in the coming months. When looking at the bigger picture, year-to-date numbers remain positive: new listings, pending sales, and closed sales were all up compared to 2024 as well as lower interest rates, demonstrating resilience and consistency throughout the year.

Home values also held firm, with the average sale price increasing to $613,600 — up slightly from last year — and the median price rising nearly 1% to $549,900. These steady price gains reinforce ongoing confidence in the market and strong equity outcomes for homeowners. As we close in on the end of the year, the market continues to offer opportunities for both buyers and sellers, making it a great time to prepare for a successful move in the new year.