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.
November delivered some notable changes compared to October:
Note: “Total market time” only counts listings that went from active to pending during the month. Homes withdrawn or canceled after long days on market are not included.
Another major shift: Closed sales fell 26.4% month-over-month, a sharp contrast to October’s 13.2% increase. That dramatic drop is a strong contributor to both rising inventory and longer market times. While seasonal slowdowns are normal this time of year, this decline was steeper than what we typically see. We’re assuming many buyers are waiting out the rest of the year in anticipation for next year's predicted rate decrease.
Higher inventory, softer prices, and longer market times all signal increased opportunity for well-prepared buyers. As homes linger, many are seeing strategic price adjustments, creating room for negotiation and value-focused offers. If you’re planning to buy soon, this is the moment to get your financing in line. A solid pre-approval not only strengthens your position, but also ensures you’re ready to act quickly when the right home hits the market. And remember: In today’s environment, a competitive offer isn’t just about price - terms, timing, and presentation matter just as much.
We’re often asked, “should I take my home off the market for the holidays?”. While activity typically slows this time of year, the buyers who are shopping now are serious. That said, overpriced homes will struggle no matter the season. Seller success right now requires a pricing strategy driven by current market value (based on weeks of data, not last year’s trends). Pair that with polished presentation and standout visuals, and your home is far more likely to capture attention. Today’s buyers scroll quickly - only the properties that shine truly stand out.
Inventory levels are a leading indicator of market strength. It’s calculated by taking the total number of active listings at the end of the reported month divided by closed sales for the reported month. The inventory level for November was reported at 3.8, meaning if no new homes came on the market, it would take 3.8 months for inventory to sell out completely (at the current rate of sales).
The median sale price for October was reported at $535,000. It’s a 0.9% decrease from last month and flat compared to November 2025. N / NE Clark County dethroned Lake Oswego / West Linn for the top median sale price of $970,000.
Here’s what median home sale prices looked like across Portland proper:
West Portland: $615,000
North Portland: $457,500
NE Portland: $509,900
SE Portland: $475,000
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!
Address 4200 Mercantile Dr #700 Lake Oswego, OR 97035
Address 4200 Mercantile Dr #700 Lake Oswego, OR 97035
