Portland Metro & SW Washington Market Update – August 2026

New listings (2,440) decreased 1.5% from the 2,476 listed in August 2025, and decreased18.8% from the 3,004 listed in July 2026. Pending sales (2,013) decreased 11.5% from the 2,275 offers accepted in August 2025 and decreased 5.6% from the 2,133 offers accepted in July 2026. Closed sales (1,902) decreased 5.9% from the 2,021 closings in August 2025, and decreased 12.2% from the2,167 closings in July 2026.

Inventory increased to 3.8 months in August. That means if no new homes were to come onto the market, that it would take 3.8 months to sell at the rate at which they are selling. Total market time increased to 57 days.

Comparing the first eight months of 2026 to the same period in 2025, new listings (22,829) increased 0.5%, pending sales (16,133) increased 2.2%, and closed sales (15,151) increased 3.3%.

Comparing 2026 to 2025 through August, the average sale price has increased 0.1% from $616,200 to $616,900.

New listings (710) decreased 10.0% from the 789 listed in August 2025 and decreased 21.5% from the 905 listed in July 2026. Pending sales (609) increased 2.4% from the 595 offers accepted in August 2025 and increased 0.7% from the 605 offers accepted in July 2026. Closed Sales Closed sales (524) decreased 5.4% from the 554 closings in August 2025 and decreased 9.8% from the 581 closings in July 2026.

Inventory increased to 4.2 months in August. That means if no new homes were to come onto the market, that it would take 4.2 months to sell at the rate at which they are selling. Total market time increased to 69 days.

Comparing the first eight months of 2026 to the same period in 2025, new listings (6,730) increased 6.2%, pending sales (4,708) increased 5.1%, and closed sales (4,388) increased 3.7%.

Comparing 2026 to 2025 through August, the average sale price has increased 2.0% from $624,800 to $637,100.