In February 2025, there were 1,930 new listings in the Portland, Oregon metro area, which is a 7.4% decrease from the 2,085 listed in February 2024, and a decrease of 12.5% from the 2,205 listed in January 2025.
1,648 pending sales last month decreased 5.4% from the 1,742 offers accepted in February 2024, and decreased 4.1% from the 1,719 offers accepted the previous month in January 2025.
Closed sale count of 1,428 this past February was an increase of 11.2% from the 1,284 closings last year in February 2024, and an increase of 17.7% from the 1,213 closings last month in January 2025.
Inventory decreased to 3.2 months in February 2025. Total market time also decreased to 79 days, with the average home sale price of $613,100, and a median home sale price of $538,300.
For more information or to discuss your plans to buy or sell a home in the Portland, Oregon metro area, contact our team today!