Is Portland Finally a Buyer-Friendly Market?

If you've been sitting on the sidelines waiting for a better time to buy in Portland, this might be your moment.

With rising inventory, more flexible sellers, and price stability, the Portland housing market in mid-2025 is looking more buyer-friendly than it has in years. But what does that really mean for you—and how should you respond?

Let’s break it down with the most recent data and a real-world strategy.

🔎 The Numbers: What Portland Buyers Should Know (As of June 2025)

🏠 Inventory Is Up

• In May 2025, Portland's months of inventory rose to 3.3, up 74% from the same time last year.

• More homes = more choices. You're no longer stuck in a bidding war over every listing.

🔻 Price Cuts Are Common

• Over 41% of homes for sale in Portland have experienced at least one price reduction this spring.

• Sellers are adjusting expectations and becoming more open to negotiation.

🧊 Buyer Activity Is Steady, Not Frenzied

• Home showings are happening, but we’re not seeing the same panic buying of 2021–2022.

• Homes are taking an average of 44–66 days to go pending—giving you time to breathe.

💵 Prices Are Leveling

• The median sale price in Portland was approximately $547,000 in May 2025, up just 1–2% YoY.

• In some areas, values have even dropped slightly (-0.6%)—meaning less pressure to overbid.

🛠️ Pro Tips for Today’s Portland Buyers

1. Get Pre-Approved First
   You still want to act fast once you find “the one.” A strong pre-approval helps sellers take your offer seriously.

2. Look for Value Opportunities
   Homes sitting on the market for 30+ days may be primed for a deal.

3. Use Your Contingencies Wisely
   This is your chance to get inspections, request repairs, and ask for closing cost credits.

4. Work with a Local Agent Who Knows the Shifts
   (👋 That’s where I come in.) I can guide you toward the best buys in today’s transitioning market.