Portland Real Estate Market Report - October 2025

Locally, the Portland Metro housing market continues to balance steady buyer demand with a measured absorption rate The most recent RMLS Market Action report shows a few interesting shifts: inventory is sitting around 3.5 months, meaning at the current pace of sales, it would take about 3.5 months to sell all homes on the market if no new listings were added. Homes are taking a bit longer, about 62 days on average, to sell, and prices have remained steady, with the median hovering around $550,000 across the metro area.

So what does this mean for you?
For sellers, this is a steady, balanced market, buyers are more thoughtful, but strong listings are still moving and holding their value. It’s more important than ever to price strategically and present beautifully (and we can help with both!).

For buyers, there’s a bit more breathing room to make decisions and negotiate creatively, without feeling like you’re in a bidding war on every home. Slightly lower rates may also encourage renewed buyer activity this season, particularly among those who’ve been waiting on the sidelines for more favorable financing options.

At Sonder Northwest, we’re seeing motivated, serious buyers and steady, confident sellers, it’s not a frenzy, but it’s a healthy, sustainable pace. As we move deeper into the fall market, opportunities remain strong for both sides: buyers benefit from improved affordability compared to last year, and sellers continue to enjoy solid equity positions in a resilient market.

📊 Want to know how these trends impact your neighborhood?
Reach out for a personalized market update or home value report to help you make confident decisions before the end of the year.

Planning to Buy or Sell?

If you’re considering Buying or Selling a home, let’s connect! Every property is unique, as are individual goals, so it’s important to discuss your specific needs and explore how we can best support you in today’s market.

In 2024, our team was in the top 1% of agents in the RMLS, meaning that we sold more homes than 99% of other agents in the Portland Metro Area. In an evolving market, having a team of seasoned real estate professionals who are active agents throughout the year is means being prepared 24/7 for incoming changes.

As a reminder, we work with homeowners and future homeowners throughout the Portland Metro area and SW Washington! From first-time buyers, to folks moving up or re-sizing, we are here for any and all of your real estate needs, including investing! Everyone's situation is different and we are always happy to be your sounding board so please reach out with any questions!