Welcome to your March 2026 real estate market update for the Portland Metro area! Whether you are looking to buy, sell, or simply want to keep a pulse on the local housing market, we have the latest numbers from the RMLS to help you make informed decisions.
As we close out the first quarter of the year, the market is showing robust signs of spring activity, with significant jumps in new listings, pending sales, and closed sales compared to last month.
Here is a closer look at the latest residential highlights for the Portland Metro area:
Market Activity
Buyer and seller activity has noticeably picked up pace over the last month and year-over-year.
- New Listings: The market saw 2,738 new listings in March 2026. This is a 2.7% increase from March 2025 and a substantial 21.2% jump from February 2026.
- Pending Sales: There were 2,319 pending sales, representing a 5.5% increase year-over-year and an impressive 27.3% increase from February 2026.
- Closed Sales: We saw 1,790 closed sales in March. This is an 11.0% increase compared to March 2025, and a massive 27.4% jump from February 2026.
Inventory & Time on Market
- Inventory Supply: Housing inventory decreased in March to a 3.0-month supply.
- Days on Market: Total market time decreased to an average of 79 days before an offer is accepted.
Sale Prices
- Average Sale Price: The average sale price for March 2026 was $614,200. Looking at the year-to-date numbers, the average sale price has decreased 1.4% from $603,000 in 2025 to $594,500 in 2026.
- Median Sale Price: The median sale price for March 2026 was $543,800. In a year-to-date comparison, the median sale price has decreased 2.8% from $540,000 to $525,000.
Year-to-Date Summary
When comparing the first three months of 2026 to the exact same period in 2025, the broader trends become clear:
- New listings (7,194 total) have increased by 4.4%.
- Pending sales (5,628 total) have increased by 5.3%.
- Closed sales (4,402 total) have increased by 1.2%.
What This Means For You
- For Buyers: The 21.2% month-over-month surge in new listings means spring inventory is arriving, giving you more options to explore. Furthermore, affordability metrics indicate that buying a house in the Portland Metro area remains affordable for a family earning the median income. With median and average sale prices tracking slightly lower year-to-date than last year, there are excellent opportunities to secure the right home.
- For Sellers: The 27.4% month-over-month jump in closed sales, combined with a decrease in the time homes spend on the market (down to 79 days), shows that motivated buyers are actively closing deals this spring. Accurate pricing and expert marketing are essential to a successful sale in this moving market.
Ready to Make a Move?
Every neighborhood has its own micro-market, and we’d love to discuss how these broader trends apply specifically to your home or search.
If you are thinking about buying or selling, our team is here to guide you every step of the way. Reach out to us today!
(Information provided by Market Action publication of March 2026 stats by RMLS Regional Multiple Listing Service, Portland Oregon.)