What’s Happening in the Market Right Now
The Portland real estate market is off to an active start in 2025, with home prices continuing to rise and sales activity remaining strong. While the supply of available homes have declined slightly, rates are also down resulting in a consistent demand. It’s definitely an interesting time for both buyers and sellers, and having a local pro on your side to help you navigate and make the best decision for your needs is more important than ever. Whether you’re looking to enter the market as a buyer or seller, understanding the latest trends can help you make informed decisions.
The stats
- Average Home Price: Up 6.4% from last year, reaching $607,800.
- New Listings: 1,930 new homes hit the market, a 7.4% decrease compared to February 2024.
- Pending Sales: 1,648 homes went under contract, a 5.4% decrease year-over-year.
- Closed Sales: 1,428 homes sold, an 11.2% increase compared to February 2024 and a 17.7% increase from last month.
- Inventory: Decreased slightly to 3.2 months, keeping conditions competitive.
- Market Time: Homes are selling faster, with an average of 79 days on the market compared to 88 days previously.
With an average price increase of 6.4% 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
If you’re considering selling your home, the numbers are in your favor. Home values continue to rise, and the amount of buyers making offers and successful transactions are up. Even with fewer listings hitting the market , it’s essential to price your home competitively and present it well to attract buyers and outperform the average days on market which has increased to 79 days. Well-prepared homes always lead to to a quicker sale and a higher return.
What This Means for Buyers
The market isn’t moving as frantically as in past years, and with more homes coming onto the market earlier in the year, that means more choices for you! Prices are still rising, so if you’re looking to buy a home, it’s never too early to start exploring options and lock in financing to seize the opportunity to create your own path toward gains in equity.
Click HERE for the full Market Action Report
Let’s Connect
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!