The spring real estate market in the Portland Metro area is officially in full swing. April brought a massive wave of new inventory to the region, giving buyers significantly more options. Alongside this surge in listings, both pending and closed sales saw healthy growth. Here is a closer look at the key residential highlights for the Portland Metro real estate market in April 2026.
New Listings
We saw a dramatic jump in new listings hitting the market in the Portland Metro area this month.
- April 2026: There were 3,396 new listings.
- Year-Over-Year: This is a 1.1% increase from the 3,358 listed in April 2025.
- Month-Over-Month: Listings experienced a huge boost, rising by 24.0% from the 2,738 listed in March 2026.
Pending Sales
Buyer demand remained solid and consistent as more homes became available.
- April 2026: There were 2,356 pending sales in April.
- Year-Over-Year: This represents a 5.9% increase from the 2,225 offers accepted in April 2025.
- Month-Over-Month: Accepted offers increased slightly by 1.6% from the 2,319 offers accepted in March 2026.
Closed Sales
Transactions are crossing the finish line at an accelerated pace compared to earlier this year.
- April 2026: There were 2,013 closed sales for the month.
- Year-Over-Year: This is a 7.1% increase from the 1,880 closings in April 2025.
- Month-Over-Month: Closed sales climbed significantly by 12.5% from the 1,790 closings in March 2026.
Market Timing and Inventory
- Inventory: The inventory of homes for sale increased slightly to a 3.1-month supply in April.
- Total Market Time: Homes are selling faster! Total market time decreased to an average of 63 days in the Portland Metro this April.
Pricing Overview
- Average Home Sale Price: The average sale price was $615,100, which is a slight 0.3% decrease compared to April 2025.
- Median Home Sale Price: The median sale price was $550,000, which is completely flat (0.0% change) compared to April 2025.
Summary
April 2026 proved to be an incredibly active month for the Portland Metro real estate market. The standout statistic is the 24.0% month-over-month surge in new listings, indicating that sellers are eager to take advantage of the spring market. With closed sales also up by 12.5% and market time dropping to 63 days, homes are moving quickly. Median home prices have stabilized perfectly compared to last year, creating a balanced environment for both buyers and sellers.
Buying or Selling in 2026?
The spring market is moving fast. If you are planning to buy or sell in the Portland Metro area this year, you need a strategy tailored to these latest trends. Contact us at Cano Real Estate today to get started!
(Information provided by Market Action publication of April 2026 stats by RMLS Regional Multiple Listing Service, Portland Oregon.)