If you have been waiting for the right moment to buy in Portland, this might be your green light. The January 2026 numbers are in, and they tell a completely different story than what we are seeing across the river in Vancouver.
While activity has surged everywhere, Portland is currently offering a unique window of opportunity: inventory is rising fast, but prices have softened.
Here is the breakdown of the key numbers for the Portland Metro real estate market in January 2026.
New Listings
The biggest headline this month is the massive influx of homes hitting the market. After a quiet December, sellers came back in a big way, doubling the number of fresh options for buyers.
- January 2026: 2,109 New Listings
- Year-Over-Year: This is a slight 4.4% decrease compared to January 2025 (2,205).
- Month-Over-Month: More importantly, new listings jumped by a massive 109.9% compared to the 1,005 listed in December 2025.
Pending Sales
Buyers immediately noticed the new inventory. Pending sales jumped significantly from the previous month, showing that demand is alive and well in the metro area.
- January 2026: 1,708 Pending Sales
- Year-Over-Year: This is basically flat (-0.6%) compared to January 2025 (1,719).
- Month-Over-Month: Accepted offers increased by 38.4% compared to December 2025.
Closed Sales
Similar to Southwest Washington, closed sales in Portland dipped in January. This is a lagging indicator reflecting the slower holiday season in December. With pending sales surging now, we expect closing numbers to rebound nicely in February and March.
- January 2026: 1,111 Closed Sales
- Year-Over-Year: This represents an 8.4% decrease compared to January 2025 (1,213).
- Month-Over-Month: Closed sales dropped by 32.0% compared to December 2025.
Market Timing and Inventory
Inventory levels have risen to a very healthy 4.3 months. For context, anything under 3 months is often considered a “Seller’s Market,” while 4-6 months is a “Balanced Market.” Portland is currently much more balanced than recent years, giving buyers more negotiating power.
- Inventory: The inventory of homes for sale sits at 4.3 months.
- Total Market Time: It took an average of 89 days to sell a home in Portland this January.
Pricing Overview
This is the statistic that sets Portland apart right now. While prices in Clark County are rising, Portland prices have corrected slightly compared to last year.
- Average Home Sale Price: $568,000 (-5.4% compared to Jan 2025).
- Median Home Sale Price: $510,000 (-5.0% compared to Jan 2025).
Summary
January 2026 was a month of rapid acceleration in activity but continued cooling in prices. New listings more than doubled (+109.9%) from December, and buyers responded by putting 38% more homes under contract. However, the year-over-year price drop (-5.0%) combined with healthy inventory levels (4.3 months) creates a distinct “Buyer’s Opportunity” in the Portland Metro.
Ready to Make a Move in 2026?
Whether you are looking for a deal in Portland or equity growth in Vancouver, the markets are moving in different directions. You need a team that understands both sides of the river. Contact Cano Real Estate today to build your strategy for 2026!
(Information provided by Market Action publication of January 2026 stats by RMLS Regional Multiple Listing Service, Portland Oregon.)