Portland Metro Market Update – June 2025

A Balanced Market with Opportunities for Buyers & Sellers

As summer gets into full swing, the Portland Metro real estate market wrapped up June with promising trends for both buyers and sellers. Inventory has ticked up to 3.6 months, giving buyers more options and room to explore. Meanwhile, homes are still moving steadily, with an average market time of 51 days—a healthy pace that reflects continued demand.

Prices are holding strong, signaling resilience in the market. The average sale price reached $614,800, up 1.2% year-over-year, while the median sale price climbed to $550,000, a 1.5% increase from June 2024. These steady gains suggest that sellers who price strategically and present their homes well are still seeing solid returns.

Here’s a quick snapshot of the numbers:

• New listings: Up 1.7% from June 2024

• Pending sales: Up 2.3% year-over-year

• Closed sales: Down slightly by 4.5%

• Inventory: 3.6 months

• Average days on market: 51 days

While closed sales saw a small dip, the rise in new and pending activity points to renewed energy in the market heading into late summer. Whether you're buying your first home, upgrading your space, or ready to downsize, the current landscape offers room to make a smart move with the right strategy.

As always, we’re here to help you navigate the numbers and the nuances—so your next real estate chapter feels less stressful, and a lot more exciting. Let’s make it happen!