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.
March brought notable changes to inventory and total market time along with an increase in median sale price for the second consecutive month:
Inventory fell to 3.0 months, a 16.7% decrease from last month
Median sale price increased 3.6% to $543,800
Total market time decreased 13% to 79 days, the first decrease we’ve seen since mid-2025
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 Homes that were withdrawn or canceled after extended time on market are not included.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 took advantage of higher inventory, softer prices, lower interest rates, and longer market times over the past two months. We’re now seeing competition among buyers heat up, evident with the recent decrease in inventory paired with lower days on market.
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 continues to heat, buyer competition will likely continue to increase, so being prepared to act is the key to securing your best housing option.
We’re continuing to recommend that buyers take 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 both inventory levels and total market time shrinking, it’s time for homeowners to get their homes prepped and meet with an agent to develop a strong go-to-market strategy.
This means:
A well-prepared home
Professional marketing
Standout presentation
A competitive price from day one
If your home is already on the market and showing activity has slowed, it may be time to revisit pricing, presentation, or positioning. 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 March was 3.0 months, meaning that if no new homes came on the market, it would take 3 months for all existing inventory to sell at the current pace of sales.
The median sale price for March was $543,800, representing:
+3.6% compared to last month
+0.3% compared to March 2025
Lake Oswego / West Linn maintained the highest median sale price in the Portland Metro area at $810,000.
West Portland: $705,000
North Portland: $465,000
NE Portland: $560,000
SE Portland: $453,000
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
You can also stay connected by following us on Instagram.
Address 4200 Mercantile Dr #700 Lake Oswego, OR 97035
Address 4200 Mercantile Dr #700 Lake Oswego, OR 97035
