What's happening in the Portland Real Estate Market?
Inventory Is High—and That Means Choice
Portland currently has more homes on the market than we’ve seen in years. Compared to last June, inventory is up about 18%, and nearly 70% higher than two years ago, peaking at post-pandemic highs for this time of year.
That’s a huge deal—for the first time in a while, buyers aren’t just looking at a handful of homes. They’ve got selection, from fixer-uppers to move-in-ready.
Buyers Have Real Leverage Right Now
More inventory means fewer lines. For buyers, that translates into:
Ability to negotiate on price or ask for concessions,
Less competition in bidding wars (in many pockets),
Time to think—homes are staying on the market longer (about 50 days on average, up from under 40 last year).
Bottom line? With the right guidance, buyers can avoid overpaying and shop smart.
It’s Still a Seller-Friendly Market—When You Know How
Yes, seller's market? Technically. Homes in prime spots are still moving. But the strategy has shifted:
Price strategically from day one—homes priced right are still selling fast.
Stage and style smartly—professional photos and presentation matter more than ever.
Be ready to adjust—market-responsive sellers are far more likely to close quickly.
A beautifully told, well-priced home? That’s how you still win. A stale listing hoping for “just one off-market buyer”? Not so much.
Future Outlook: Mildly Buyer-Leaning, More Balanced
Looking ahead into summer:
Inventory should stay elevated thanks to seasonality.
Buyer traffic may ease a bit—especially if rates hold steady.
That setup points to more contract flexibility, a gentler pace, and fewer last-second bidding wars.
It's shaping up to be a balanced market—not a crash, not a frenzy.
If you are looking to make a move this Summer or beyond, I would love to chat. Just have a question? I am here for that to.