August ended the streak. Portland closed 1,902 homes, down 5.9% from a year ago, and pending sales fell 11.5%. But the metro number hides a split: Washington County softened while NE Portland and Lake Oswego kept gaining.

July cooled from June’s record but still closed 8.1% more homes than a year ago, on a median that held flat at $555,000. Pending sales dipped for the first time in months. What it means for buyers and sellers.

Next week is supposed to be hot again, so we pulled three months of Portland sold data to see how many homes now have AC. Then I dug up my 2007 post asking the same question. The numbers have changed a lot.

June was supposed to be the spring lull. Instead the Portland metro closed 2,263 sales, up 13.8% from last year, and the soft median all but recovered. What changed, and what it means for buyers and sellers.

Portland home-showing activity starts in February, peaks in May, and bottoms in December, while inventory has rebuilt 4x since 2021. Here’s what a balanced Portland market means for buyers and sellers.

Portland-area closed sales are up 2.4% year-to-date in 2026 even as the national market stalls. We went looking for the one factor driving it and came up empty. Same inputs as last year, same result.

Flat on price. Busy on activity. Both are right. There are two ways to describe the Portland real estate market this April, and they are both correct. Pricing held. The median sale price was unchanged year-over-year. The average sale price slipped 0.3%. Anyone scanning the headline numbers would call this a flat market, and they… Continue reading Portland Real Estate Market Update: April 2026

The Portland metro housing market right now isn’t one market. It’s two. That’s not spin or hedging. The numbers say it directly. In March, the average home in the Portland metro spent 79 days on market — down from 91 in February, a real improvement. But 79 days is a metro-wide average, and the metro… Continue reading Portland Metro Real Estate Market: Why Some Homes Sell Fast and Others Don’t

March’s housing data was recorded against one of the more unsettling backdrops Portland buyers and sellers have seen in a while. The conflict with Iran began on February 28th, and by mid-March, financial markets were in retreat — the S&P 500 had dropped roughly 8% from its pre-war level, oil was pushing toward $120 a… Continue reading Portland Metro Real Estate Market Update — March 2026

January was slow. We said so at the time. The question was whether it was a pause or a pattern. February answered that. The positive numbers still leave us playing catch up year-over-year but we’re optimistic that the national forecasts for a stronger 2026 real estate market compared to 2025 are accurate. The February 2026… Continue reading Portland Real Estate Market Update: February 2026 — Spring Is Knocking