Market Report

Portland Market
Report: July 2026

The most recent complete market data for the Portland metro comes from the RMLS Market Action release covering July 2026 activity, published in August 2026. Here is what the numbers show, how they moved last month, and what they mean for buyers and sellers. Last updated September 9, 2026.

Key Metrics

Portland Metro at a Glance

Figures cover the greater Portland, Oregon metropolitan area as reported in the RMLS Market Action data for July 2026.

Median Sale Price

$555,000

Down 1.8% from June

Months of Inventory

3.3

Up 0.2 from June

Days on Market

54

Fastest pace of 2026

Sale-to-List Ratio

98.3%

Homes near asking price

Source: RMLS Market Action data for the Portland metro, July 2026 (released August 2026), as compiled and reported by third-party market recaps. Figures may be revised; see Sources and Methodology below.

Month over Month

How July Compared with June

The clearest way to read the market right now is month over month. Prices eased slightly, inventory ticked up, and sales activity cooled along with summer momentum.

Median Sale Price $555,000 Down 1.8% vs. June Unchanged from a year ago; average sale price $632,500
Months of Inventory 3.3 Up 0.2 vs. June Still below the 3.7 months recorded one year ago
Closed Sales 2,167 Down 4.2% vs. June Up 8.1% compared with July 2025
Pending Sales 2,133 Down 12.5% vs. June New pending activity eased during the month
New Listings 3,004 Latest month Up 2.5% compared with July 2025
Days on Market 54 Fastest pace of 2026 Total market time for the metro area

Market Commentary

What the July Data Means

Prices in the Portland metro have held remarkably steady over the past year. The median sale price of $555,000 is unchanged from July 2025 and about 1.8% below June. That is not a correction; it is the normal month to month rhythm of the summer market, with the mix of homes and slightly softer demand pulling the median down a bit.

Inventory is the standout story. Months of supply rose to 3.3, up 0.2 from June, giving buyers more choices and a little more room to negotiate than they had last winter, even though supply remains below where it sat a year ago. At the same time, the average home sold in about 54 days, the fastest pace of 2026, which signals that well-priced, well-presented homes still move at a healthy clip. The takeaway is a market at the center of balance, not a sharp shift toward buyers or sellers.

Closed sales came in at 2,167, up 8.1% from a year ago, and pending sales dipped 12.5% from June to 2,133. That cooling is typical for late summer, but it is worth watching whether the slower pace continues into the fall, especially when the RMLS release covering August activity arrives in mid-September.

For Buyers

Buyers have more room to negotiate than they have had in a while. Prices are flat year over year, inventory is building month to month, and homes are closing at roughly 98.3% of list price, meaning small concessions are available on homes that are not in a bidding situation.

With the median sale price stable near $555,000, payments are more predictable than in the post-pandemic swings. Still, homes that are priced well and show well go under contract in about 54 days, so the right property still merits a prompt, competitive offer.

My advice: get pre-approved, define your priorities, and make a strong, clean offer when you find the right home. In a market with 3.3 months of supply, preparation is the competitive advantage.

For Sellers

Pricing accuracy matters more now than it has in years. With sale-to-list ratios near 98.3%, homes priced above the market do not bring negotiations to you; they linger, and they typically sell for less in the end.

Homes that show well still sell in about 54 days, the fastest pace of 2026. The math is clear: price honestly from day one, present the property at its best, and the market responds.

With the summer rush easing and autumn approaching, this is a sensible window to list while inventory remains manageable. My brokerage background gives me an analytical edge in positioning your home correctly.

Trends to Watch

Three Things to Track This Fall

Inventory build

Months of supply rose to 3.3 in July, up 0.2 from June. Another month of growth would nudge the market further toward balance and widen buyer choices.

Pending sales pace

Pending sales fell 12.5% from June. Seasonal cooling is expected, but a sharper drop would signal buyers holding out for better prices.

August release

RMLS publishes its August 2026 Market Action report in mid-September. That verified data will be posted here in the next monthly update.

Sources and Methodology

Where These Numbers Come From

The figures on this page are drawn from compilations of the RMLS Market Action data for the Portland metro area, covering July 2026 activity and released in August 2026. Compilers sometimes differ slightly in geography and methodology, so numbers can vary by a small margin and may be revised. The official RMLS release for August activity is published in mid-September and will be reflected here at the next monthly update.

This page is updated monthly with the latest verified RMLS-based figures. Figures shown are point-in-time numbers from the cited reports and are not predictions.

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