Portland Metro Market Update / March 2025

In March, the Portland Metro real estate market showed strong growth compared to February, with new listings up 38.2% and pending sales rising 33.4%. However, closed sales increased more modestly by 13.0%, suggesting slower conversion from pending to finalized transactions. Inventory decreased slightly by 0.2%, and total market time dropped by 7 days, indicating homes are selling quickly despite limited availability.

Price trends were mixed: the average sale price fell by 2.6%, while the median sale price rose 0.7%, suggesting that while higher-end properties may have seen price reductions, mid-range homes held or slightly gained in value. Overall, the market remains active, with buyers and sellers engaged, but the slight dip in average prices signals a potential slowdown in price growth.