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Portland Metro Real Estate: September 2025 Market Action Report

October 9, 2025

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.

The Numbers at a Glance

Compared to August, September brought a few subtle shifts to the Portland housing market:

One standout stat: closed sales dropped nearly 10% month-over-month - a reflection of Portland’s continuing “offbeat” selling season. Cautious buyers, persistent interest rates, and widespread overpricing remain the biggest factors slowing movement across the market.

 

Notes for Buyers

With interest rates ticking down, fresh opportunities are emerging for well-prepared buyers. Inventory remains stable and sellers are motivated - a combination that opens the door for strategic negotiation. If you’re planning to buy, make sure you’re pre-approved and ready to act when the right home comes along. And remember, a strong offer isn’t just about price -  it’s about terms, timing, and presentation. Work with an experienced agent who can help you craft an offer that stands out.

 

Notes for Sellers

In today’s market, go-to-market strategy is everything. Pricing precision, polished marketing, and standout visuals are what separate the listings that sell from those that stall. With inventory on the rise, competition is heating up - and today’s buyers are quick to scroll past anything that doesn’t shine. That means your home needs to hit the market in peak condition, supported by a professional media package and broad marketing exposure to attract serious attention right from day one. And more important than ever - a price that fits current true market value. 

 

Inventory Levels

Inventory levels are a leading indicator of market strength. The inventory level for September 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). 

 

Median Home Selling Price

The median sale price for September was reported at $545,000. It’s a 0.9% decrease from last month and a 0.7% increase compared to September 2024. Lake Oswego / West Linn continued their reign of top median sale price at $929,800.

Here’s what median home sale prices looked like across Portland proper:
West Portland: $682,000
North Portland: $465,000
NE Portland: $495,000
SE Portland: $479,500

 

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!

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