What’s Happening in the Market Right Now
Portland’s housing market entered June with confidence, continuing the measured momentum that defined May. There’s a reassuring consistency in the air, more homes are hitting the market, and buyers are actively engaging, just with a bit more thoughtfulness than in years past. It’s not a race, but it’s not a standstill either and that’s good news for everyone.
For buyers, expanded inventory and a slower pace mean more time to explore and negotiate. Bidding wars haven’t vanished, but they’re far less common than they were at peak frenzy. Sellers who price realistically and make their homes shine are still seeing strong outcomes but presentation and strategy are more important than ever.
This market isn’t flat it’s nuanced. Affordable homes continue to draw energy and often attract multiple offers, while mid- to higher-end listings, especially in the urban core, are experiencing longer days on market and more price adjustments.
What This Means for Sellers
Buyers are out there, but they’re coming prepared with comps and calculators. Homes that feel fresh, move-in ready, and priced in line with today’s market are still moving and often getting great results. But sellers who aim too high may find themselves needing price reductions. This is a market where the best-prepared listings shine.
What This Means for Buyers
You’ve got more options, less pressure, and room to be strategic. Nearly half of homes are still selling over asking, but with inventory rising and days on market increasing, you can afford to slow down, just not too much. When the right home comes along, it still pays to be ready to act. Having the right guide beside you can make all the difference.
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**Data is based on the following areas:
