Each month we break down the RMLS Market Action Report to help Portland area 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.
July continued 2026's steady, relatively unchanged market, closely mirroring last year’s trends.
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 Homes that were withdrawn or canceled after extended time on market are not included.
Portland’s market continues to stay fairly consistent month-over-month. Don't let the "what-ifs" of the future (lower interest rates or falling home prices) keep you on the sidelines. Opportunity abounds for buyers who are informed, prepared, and ready to act when the right property hits the market.
Keep a close eye on your saved property search, but also be sure and give another look at homes that have been on the market for 30 days or longer. “Stale” listings can present excellent opportunities, as sellers may be more willing to negotiate on price, closing costs, repairs, or other favorable terms.
We're continuing to encourage sellers to focus on the fundamentals: thoughtful preparation, professional marketing, standout presentation, and a strategic pricing plan from the start. If you’re considering selling your home in 2026, be sure and meet with an agent now to make sure you’ve got a solid go-to-market strategy in place.
If your home is currently on the market but isn’t getting much activity, we strongly suggest you meet with your agent to reassess pricing, presentation, or overall marketing strategy before valuable momentum is lost. The longer a home sits on the market, the more buyers begin to question its value.
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 June was 3.3 months, meaning that if no new homes came on the market, it would take 3.3 months for all existing inventory to sell at the current pace of sales.
The median sale price for June was $555,000, representing:
Lake Oswego / West Linn maintained the highest median sale price in the Portland Metro area at $995,000.
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
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Address 4200 Mercantile Dr #700 Lake Oswego, OR 97035
Address 4200 Mercantile Dr #700 Lake Oswego, OR 97035
