08/13/2026
The Portland market is giving us a little bit of everything right now. July cooled from June, with 12.5% fewer homes going pending and 5.1% fewer new listings hitting the market. But zoom out to last year and the story changes: new listings are actually up 2.5%, and closed sales jumped 8.1%.
Buyers also have more breathing room, with inventory climbing to 3.3 months, while homes are taking an average of 54 days to sell. And despite all the headlines about the market shifting, prices have barely budged. The average sale price through July is $618,500, up just 0.5% from last year.
So, what kind of market is this? A selective one.
There are more choices, more competition and less urgency across the board, but the homes that hit the sweet spot of price, condition and location are still moving.
Looking to make a move, curious what all this means for you, or want to see the full report? Comment or send a DM "stats" for the breakdown.