Market Report

Portland metro, in plain numbers

This report summarizes where the Portland metro housing market stands using the latest published RMLS-based data, through August 1982. The market has settled into a balanced pace, and Cindy reads these numbers every month and explains what they mean for your specific neighborhood.

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Downtown Portland skyline at dusk seen from the east side, Mount Hood glowing on the horizon

$540,000

Median sale price

August 2026, about flat year over year

$607,200

Average sale price

August 2026 metro-wide

3.8 months

Months of supply

A balanced market, more choice for buyers

57 days

Average market time

August 2026, homes selling faster than last year

Reading the market

What August's numbers mean

For buyers

  • About 3.8 months of supply means real choice, not a feeding frenzy over one house.
  • Prices are roughly flat year over year, which takes the panic out of the process.
  • Homes still sell at a healthy clip, about 57 days, so good houses in good neighborhoods still move.
  • A steadier market rewards careful offers, inspections, and patience instead of speed.

For sellers

  • Buyers negotiate more than they did three years ago, so pricing must be honest from day one.
  • Marketing decides the outcome. Open houses, brochures, and realtor outreach move homes.
  • Year-to-date closed sales are up, and August homes sold five days faster than last year.
  • A well-presented, well-priced home still attracts multiple offers on the east side.

The fine print

Figures above are metro-wide and drawn from the most recent published market reports citing RMLS data (August 2026). Metro averages hide big differences between neighborhoods. A market report is a forecast; your block is a fact. Cindy prepares neighborhood-specific numbers for each of her clients, free and without obligation.

Sources

What is happening in your neighborhood?

Metro numbers are useful. Block-by-block answers are better. Ask Cindy what is happening on your street.

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