Portland Metro Real Estate: August 2025 Market Action Report

The Portland Metro Residential Market Action report is a monthly review provided by the RMLS, a database where real estate agents post home listings for the region. 

The Numbers At-a-Glance

Compared to July, August reported a 5.4% decrease in inventory (3.5 months), 18.8% increase in total market time (62 days), and a 0.9% decrease in median sale price ($550,000). Historically, August is one of the busiest months in Portland Metro’s summer selling season - but not this year. Longer market times and softening prices are bucking the usual trend, influenced by unchanging interest rates, cautious buyers, and lingering overpricing.

Notes for Buyers

Interest rates just ticked down, creating fresh opportunities for well-prepared buyers. With inventory holding steady and days on market stretching, the window to negotiate is wide open. Get pre-approved and be ready to act. Remember - an offer isn’t just about the sales price. Work with an agent who can help you craft a compelling, well-rounded offer that stands out from the competition.

Notes for Sellers

It’s time to stop pricing homes like it’s 2022. In today’s market, strategy is everything. Elevated inventory means more competition, so pricing right from day one is critical. Pair that with standout marketing, and your listing has the power to rise above the crowd and attract qualified buyers.

Inventory Levels

Inventory levels are a leading indicator of market strength. The inventory level for August was reported at 3.5, meaning if no new homes came on the market, it would take 3.5 months for inventory to sell out completely (at the current rate of sales). 

Median Home Selling Price

The median sale price for June was reported at $550,000. It’s a 0.9% decrease from last month and a 0.9% decrease compared to August 2024. Lake Oswego / West Linn continued their reign of top median sale price at $849,000.

Here’s what median home sale prices looked like across Portland proper:
West Portland: $632,500
North Portland: $495,000
NE Portland: $554,500
SE Portland: $462,300

Reach out if you’re interested in learning more about the Portland Metro real estate market. I can be reached anytime via email ([email protected]) or call/text (503-545-5094). You can also stay in touch by following us on Instagram!