Portland Metro Market Update – February, 2026
New listings (2,260) increased 17.1% from the 1,930 listed in February 2025, and increased 7.2% from the 2,109 listed in January 2026. Pending sales (1,821) increased 10.5% from the 1,648 offers accepted in February 2025, and increased 6.6% from the 1,708 offers accepted in January 2026. Closed sales (1,405) decreased 1.6% from the 1,428 closings in February 2025, and increased 26.5% from the 1,111 closings in January 2026.
 Inventory decreased to 3.6 months in February. 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 91 days.
Comparing the first two months of 2026 to the same period in 2025, new listings (4,411) increased 5.9%, pending sales (3,415) increased 5.2%, and closed sales (2,557) decreased 4.7%.
Comparing 2026 to 2025 through February, the average sale price has decreased 4.4% from $607,800 to $581,100.
If you or someone you know is considering a move or would like specific insights about your local neighborhood market, feel free to reach out anytime. I’m here to help you and your loved ones plan your next steps and navigate real estate with confidence!
From the humblest homes to the finest estates, I would be honored to assist you with your next purchase or sale.
