10/15/2026
Portland-area market conditions continue to shift in favor of buyers as we head into fall. Inventory climbed to 4.2 months in September, the highest we've seen this year, while the average time on market increased to 68 days. Pending sales dropped 12.6% and closed sales fell 7.9% compared to August, signaling a noticeable slowdown in activity.
Interestingly, prices aren't following the same downward trend. The average sale price actually increased 3.8% month over month to $630,500, while the median price held relatively steady at $545,000. So while buyers may have more options, less competition and more negotiating power, we're not seeing a significant drop in home values across the board.
The bigger picture? Homes are still selling, but the pace has changed. Sellers need to be more strategic with pricing and presentation, while buyers may find opportunities that weren't available earlier in the year. As always, what's happening in your specific neighborhood and price point matters more than the metro-wide averages.
Looking to make a move, curious what all this means for you, or want to see the full report? Comment or send a DM with "stats" for the breakdown.
