Each month we break down the RMLS Market Action Report to help Portland homeowners and buyers understand what’s actually happening in the market. The Portland Metro Residential Market Action Report is a monthly snapshot provided by RMLS, the regional database where real estate agents list homes across the area.
February brought steadier results compared to January’s major shake-up:
Inventory fell to 3.6 months, a 16.3% decrease from last month
Median sale price increased 2.9% to $525,000, the first increase since May 2025
Total market time rose slightly to 91 days
Note: “Total market time” only counts listings that went from active to pending during the month. Homes that were withdrawn or canceled after extended time on market are not included.
Buyers are beginning to benefit from a favorable mix of more inventory, softer prices, lower interest rates, and longer market times. This can create opportunities that were harder to find during the highly competitive markets of recent years.
If you're planning to buy this year, now is a good time to get your finances lined up, connect with the right agent, and begin watching the market closely. As the Portland spring market heats up, buyer competition will likely increase, so being prepared to act when the right home appears can make all the difference.
It’s also worth taking a second look at “stale” listings that have been on the market for 90+ days. In the right situation, these properties can present excellent opportunities for negotiation.
With inventory levels and total market time still elevated, it’s more important than ever to launch with a strong go-to-market strategy.
That means:
Professional marketing
Standout presentation
A competitive price from day one
If you’re considering selling this spring, now is the time to start preparing your home and developing a strategy with your agent.
If your home is already on the market and activity has slowed, it may be time to revisit pricing, presentation, or positioning. Today’s buyers have more options and are taking a more selective approach, so strategic adjustments can make a significant difference.
Inventory levels are a leading indicator of market strength.
This metric is calculated by dividing the total number of active listings at the end of the month by the number of homes that sold during the same period.
The inventory level for February was 3.6 months, meaning that if no new homes came on the market, it would take 3.6 months for all existing inventory to sell at the current pace of sales.
The median sale price for February was $525,000, representing:
+2.9% compared to last month
-2.5% compared to February 2025
Lake Oswego / West Linn maintained the highest median sale price in the Portland Metro area at $792,300.
Median Prices Across Portland Proper:
West Portland: $652,500
North Portland: $467,500
NE Portland: $474,700
SE Portland: $454,900
If you’d like to learn more about the Portland Metro real estate market - or how these trends may impact your home - feel free to reach out anytime.
Email: [email protected]
Call or Text: 503-545-5094
You can also stay connected by following us on Instagram.
With inventory still relatively tight and buyers becoming more active, many homeowners are surprised by what their property could sell for right now. If you’re curious what your home might realistically sell for in today’s market, not an automated estimate, but a real analysis based on comparable sales, I’m always happy to take a look.
Address 4200 Mercantile Dr #700 Lake Oswego, OR 97035
Address 4200 Mercantile Dr #700 Lake Oswego, OR 97035
