What’s Happening in the Market Right Now
Everyone’s favorite season to buy or sell is officially here. With longer days, blooming trees, and warm weather creeping in, it’s no surprise the Portland real estate market is heating up too. We’re starting to see more activity on both ends of the spectrum, especially in the lower price points, where multiple offers are creeping back into the conversation. On the flip side, higher-priced homes particularly in the suburbs are still moving, but at a slower pace and with more room for negotiation.
In other words, the market isn’t one-size-fits-all right now. It’s nuanced, and timing, strategy, and preparation matter more than ever.
The Stats
- Average Home Price: Up 1.2% from last year, reaching $597,400.
- New Listings: 2,667 new homes hit the market, a 38.2% increase compared to February 2025.
- Pending Sales: 2,199 homes went under contract, a 2.9% increase year-over-year.
- Closed Sales: 1,613 homes sold, an 2.2% increase compared to March 2024 and a 13.0% increase from last month.
Inventory: Decreased slightly to 3.0 months, keeping conditions competitive. - Market Time: Homes are selling slightly faster, with an average of 71 days on the market compared to 78 days previously.
With an average price increase of 5.8% year-over-year, Portland’s real estate market remains a strong long-term investment. Whether you’re looking to flip a home or invest in rental properties, market trends suggest continued appreciation, making it a smart time to evaluate opportunities.
What This Means for Sellers
Home prices are trending up, but only slightly, and today’s buyers are more price-conscious than ever. With interest rates stabilizing and more homes hitting the market, buyers are actively looking, but they also have more options. That means overpricing your home could lead to it sitting longer than you’d like. The average market time is down to 71 days, and homes that are priced competitively and presented well are moving faster. In a more balanced market, nailing the price and prepping your home to shine are the keys to attracting strong offers and maximizing your return.
What This Means for Buyers
The pace may be more balanced than in recent years, but buyer activity is picking up fast. More homes are hitting the market, giving you better options to choose from, and with interest rates dipping slightly, now could be a prime opportunity to lock in favorable financing before competition heats up even more. While home prices are still inching upward, acting sooner could give you the edge to build equity over time.
Click HERE for the full Market Action Report
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We stay on top of the trends in real time to help people make the right move at the right time. Whether you’re thinking about buying, selling, or just curious about the market, we’re here to help!