PORTLAND REAL ESTATE MARKET- OCTOBER 2025

The October 2025 housing market showed steady activity and encouraging signs of balance as we moved deeper into the fall season. New listings were up 3.6% compared to October 2024, with 2,366 homes hitting the market, providing buyers with continued options even with a slight dip from September’s numbers. Closed sales saw a healthy 4.6% increase year-over-year, a great indication that transactions are moving steadily and buyers are finding success. While pending sales dipped slightly by 1.5%, this modest shift is typical for the season. Interest rates recently hit 1-year lows, dropping nearly 1% from earlier this year, giving buyers renewed interest, with some capitalizing on purchasing homes that had been on the market for some time, encouraging sellers to make more concessions. 
Inventory tightened to 3.1 months, signaling strong buyer demand, while total market time lengthened just a bit to 69 days, reflecting a balanced pace for buyers to make confident decisions. Year-to-date numbers paint a positive picture. New listings, pending sales, and closed sales all remain up compared to 2024, with closed sales seeing a nearly 2% increase overall.
Home values also held strong, with the average sale price rising to $614,900, up 0.6% from last year, and the median price increasing 0.9% to $550,000. These steady gains highlight the ongoing stability of our local real estate market. As we close out the year, opportunities remain strong for both buyers and sellers. It’s a great time to make your move with confidence!