Portland Metro Market Update – April 2026

New listings (3,396) increased 1.1% from the 3,358 listed in April 2025, and increased 24.0% from the 2,738 listed in March 2026. Pending sales (2,356) increased 5.9% from the 2,225 offers accepted in April 2025, and increased 1.6% from the 2,319 offers accepted in March 2026. Closed sales (2,013) increased 7.1% from the 1,880 closings in April 2025, and increased 12.5% from the 1,790 closings in March 2026.

Inventory increased to 3.1 months in April. 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 decreased to 63 days.

Comparing the first four months of 2026 to the same period in 2025, new listings (10,658) increased 3.4%, pending sales (7,822) increased 5.6%, and closed sales (6,477) increased 2.9%.

Comparing 2026 to 2025 through April, the average sale price has decreased 1.1% from $606,700 to $600,000.