Portland Metro Real Estate: July 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 June, July reported a 2.77% increase in inventory (3.7 months), 2.5% increase in total market time (52 days), and a 2.6% decrease in median sale price ($555,000). Historically, July is when we really start to feel the heat from the hot summer selling season, but that’s not the case this year… Rising market time and declining prices run counter to typical seasonal trends. Unmoving interest rates, cautious buyers, and overpriced listings are all playing a role.

Notes for Buyers

Opportunity is knocking. With inventory holding steady and days on market creeping upward, sellers may be more open to negotiating below asking price. While interest rates aren’t budging just yet, don’t let the “what ifs” of the future keep you from securing a great home today. Remember - an offer is more than just a sale price. Partner with an agent who can help you craft a strong, well-rounded offer that stands out. And before you start shopping, meet with a lender and get that pre-approval letter in hand.

Notes for Sellers

This isn’t your typical summer market. New listings are up, but pending and closed sales are down - which means more competition for buyers’ attention. A strategic, well-executed marketing plan is more important than ever. Pricing your home right from the start and presenting it with standout marketing can make all the difference in attracting qualified buyers.

Inventory Levels

Inventory levels are a leading indicator of market strength. The inventory level for July was reported at 3.7, meaning if no new homes came on the market, it would take 3.7 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 $555,000. It’s a 2.6% decrease from last month and a 0.9% increase compared to July 2024. Lake Oswego / West Linn continued their reign of top median sale price at $825,000.

Here’s what median home sale prices looked like across Portland proper:
West Portland: $636,600
North Portland: $526,800
NE Portland: $511,000
SE Portland: $501,000

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!