Portland Metro Market Update: December 2025

Portland Metro Real Estate Market Update | December 2025

The Portland Metro real estate market wrapped up 2025 with steady prices, limited inventory, and homes taking a bit longer to sell. While activity slowed from November, year over year trends show a market that remains balanced and resilient, especially for well prepared buyers and sellers.

What is happening in the Portland Metro housing market?

New listings dropped sharply in December, down nearly 6 percent from last year and more than 30 percent from November. Pending sales also slowed, which is typical for the holiday season. Despite fewer new listings and pending contracts, closed sales actually increased, showing that serious buyers are still moving forward.

Inventory declined to 2.9 months, keeping the Portland Metro area firmly in seller leaning territory. At the same time, total market time increased to 81 days, meaning homes are taking longer to go under contract.

Home values remained stable. The average sale price rose slightly to $612,100 and the median sale price increased to $549,000. These modest gains point to a market that is no longer surging but still appreciating.

What this means for buyers

Buyers in the Portland Metro area are seeing a bit more breathing room than in past years. Homes are staying on the market longer, which can open the door to thoughtful negotiations, inspections, and strategic offers.

Inventory is still limited, so desirable homes priced correctly are moving first. Getting fully pre approved and working with a local real estate expert can make a big difference in securing the right property.

Key buyer takeaways:

• Prices are stable with modest appreciation

• Homes are taking longer to sell, creating negotiation opportunities

• Inventory remains tight, so preparation matters

What this means for sellers

Sellers are still benefiting from low inventory, but pricing and presentation are critical. Buyers are more selective, and homes that are overpriced or poorly prepared may sit longer.

The good news is that closed sales increased year over year, showing that demand is still there. Sellers who price strategically and invest in strong marketing are seeing success, even in a slower seasonal market.

Key seller takeaways:

• Low inventory continues to support home values

• Buyers are more price sensitive than before

• Proper pricing and preparation are essential

Portland Metro real estate outlook

As we head into early 2026, the Portland Metro housing market is positioned for steady activity rather than rapid change. Buyers and sellers who understand local trends and act strategically will be best positioned to succeed.

If you are thinking about buying or selling a home in Portland, Beaverton, Hillsboro, Gresham, Lake Oswego, or surrounding areas, let’s talk. A personalized strategy based on your goals and neighborhood can make all the difference.