Portland Metro Market Update: October

Portland Metro Real Estate Market Update: October 2025

If you’ve been keeping an eye on the Portland Metro real estate market, October brought some interesting shifts that both buyers and sellers should know. Whether you’re considering putting your home on the market or searching for your next dream home, these trends provide valuable insights.

New Listings and Market Inventory
October 2025 saw 2,366 new listings hit the market, up 3.6% from October 2024 but slightly lower than September 2025. While this increase shows buyers have more options than last year, overall inventory remains tight at just 3.1 months. For perspective, a balanced market typically has around 6 months of inventory. Low inventory often means homes can sell faster and at stronger prices, especially for well-priced, move-in-ready properties.

Pending Sales Trends
Pending sales dropped slightly, with 1,988 offers accepted in October. This is 1.5% lower than October 2024 and 7.3% below last month. A slowdown in pending sales can indicate buyers are being more selective or cautious, which is important for sellers to consider when pricing their homes.

Closed Sales and Market Activity
On a brighter note, closed sales in October rose to 2,066, up 4.6% from last year and a notable 13.2% from September 2025. For buyers, this increase signals active competition in the market, while sellers can feel confident that demand remains strong despite seasonal shifts.

Time on Market
Homes are staying on the market a bit longer, with total market time at 69 days. While this is still relatively quick compared to some regions, it suggests buyers may have a little more breathing room for making offers.

Year-to-Date Market Snapshot
Looking at January through October 2025 compared to 2024:

• New listings: 27,743 (+2.8%)

• Pending sales: 19,536 (+1.1%)

• Closed sales: 18,746 (+1.9%)

These steady gains highlight a resilient Portland Metro market, with moderate growth benefiting both buyers and sellers.

Average and Median Sale Prices
Price trends remain stable, with the average sale price slightly up 0.6% to $614,900 and the median sale price rising 0.9% to $550,000. Sellers can feel confident in pricing, while buyers should anticipate competitive offers on well-priced homes.

Key Takeaways

For Buyers:

• Inventory is low, so it’s important to move quickly when you find a property that fits your needs.

• Homes are staying on the market a bit longer, giving you time to weigh your options.

• Work with a knowledgeable local agent to stay ahead of pending sales and pricing trends.

For Sellers:

• Closed sales are strong, and demand remains healthy despite slightly longer market times.

• Low inventory favors sellers, especially for homes priced right and in desirable locations.

• Understanding current pricing trends can help you maximize your home’s value.

Ready to Take the Next Step?
Whether you’re buying your first home, upgrading, or selling your property in the Portland Metro area, now is the time to get expert guidance. Contact our team today to navigate the market with confidence and make informed real estate decisions.