Portland Metro & SW Washington Market Update – August, 2025

New listings (2,476) decreased 7.2% from the 2,669 listed in August 2024, and decreased 15.5% from the 2,931 listed in July 2025. Pending sales (2,275) increased 10.9% from the 2,052 offers accepted in August 2024, and increased 4.5% from the 2,177 offers accepted in July 2025. Closed sales (2,021) increased 3.3% from the 1,957 closings in August 2024, and increased 0.8% from the 2,005 closings in July 2025.

Inventory decreased to 3.5 months in August. That means if no new homes were to come onto the market, that it would take 3.5 months to sell at the rate at which they are selling. Total market time increased to 62 days.

Comparing the first eight months of 2025 to the same period in 2024, new listings (22,720) increased 3.2%, pending sales (15,781) increased 1.4%, and closed sales (14,671) increased 1.0%.

Comparing 2025 to 2024 through August, the average sale price has increased 0.7% from $611,900 to $616,200.

New listings (789) increased 3.5% from the 762 listed in August 2024, and decreased 3.8% from the 820 listed in July 2025.  Pending sales (595) increased 6.8% from the 557 offers accepted in August 2024, and decreased 6.9% from the 639 offers accepted in July 2025. Closed sales (554) decreased 0.2% from the 555 closings in August 2024, and decreased 5.1% from the 584 closings in July 2025.

Inventory increased to 3.6 months in August. 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 62 days.

Comparing the first eight months of 2025 to the same period in 2024, new listings (6,337) increased 3.3%, pending sales (4,480) decreased 0.3%, and closed sales (4,232) increased 1.4%.

Comparing 2025 to 2024 through August, the average sale price has increased 2.4% from $610,200 to $624,800.