Portland Metro & SW Washington Market Updates – October, 2025

New listings (2,366) increased 3.6% from the 2,283 listed in October 2024, and decreased 5.3% from the 2,498 listed in September 2025. Pending sales (1,988) decreased 1.5% from the 2,018 offers accepted in October 2024, and decreased 7.3% from the 2,145 offers accepted in September 2025. Closed sales (2,066) increased 4.6% from the 1,975 closings in October 2024, and increased 13.2% from the 1,825 closings in September 2025.

Inventory decreased to 3.1 months in October. That means if no new homes were to come onto the market, that it would take 3.1 months to sell at the rate at which they are selling. Total market time increased to 69 days.

Comparing the first ten months of 2025 to the same period in 2024, new listings (27,743) increased 2.8%, pending sales (19,536) increased 1.1%, and closed sales (18,746) increased 1.9%.

Comparing 2025 to 2024 through October, the average sale price has increased 0.6% from $611,500 to $614,900.

New listings (655) decreased 3.7% from the 680 listed in October 2024, and increased 1.1% from the 648 listed in September 2025. Pending sales (527) decreased 9.0% from the 579 offers accepted in October 2024, and decreased 12.2% from the 600 offers accepted in September 2025. Closed sales (530) decreased 3.8% from the 551 closings in October 2024, and decreased 2.2% from the 542 closings in September 2025.

Inventory held steady at 3.6 months in October. That means if no new homes were to come onto the market, that it would take 3.6 months to sell at the rate at which they are selling. Total market time increased to 68 days.

Comparing the first ten months of 2025 to the same period in 2024, new listings (7,673) increased 1.9%, pending sales (5,490) decreased 1.9%, and closed sales (5,372) increased 1.5%.

Comparing 2025 to 2024 through October, the average sale price has increased 1.7% from $613,800 to $624,200.