October looked quiet on the surface, with the metro median sale price holding flat at $545,000 for a second straight month. But two Portland districts told a different story this month, and it’s worth paying attention to if you’re watching a specific neighborhood rather than the metro average.
Portland Median Sale Price - November 2024 - October 2026 (24 months)
The headline numbers
Metro-wide, new listings dropped to 2,077, down about 16 percent from September and down 12 percent from a year ago. Pending sales fell to 1,587, a 10 percent drop month over month. Closed sales came in at 1,622. Inventory ticked up to 4.3 months of supply, compared to 3.1 months this time last year, which tells you the slowdown in sales has outpaced the slowdown in new homes coming onto the market. Average market time held nearly steady at 67 days.
New Listings vs Closed Sales by month — Portland Metro in November 2024 through October 2026
By district
N Portland was the standout this month. Median price rose to $495,000, up from $464,500 in September, and homes sold dramatically faster, with average market time dropping from 89 days to just 30. Pending sales remain down 31 percent year over year, so this isn’t a district getting more active overall. It looks more like a smaller pool of serious buyers moving quickly on well-priced homes.
Average Market time by Portland District in November 2024 through October 2026
NE Portland also saw prices climb, to $582,500 from $524,000 in September, an 11 percent jump in a single month. Market time there held closer to steady at 49 days. Pending sales are down 28 percent year over year.
SE Portland was the most stable of the four, with median price up modestly to $507,500 and market time at 39 days. Pending sales were down 12 percent year over year, the smallest decline of any district.
W Portland saw median price ease slightly to $644,800 from $665,000 in September, with market time improving to 83 days from 108. Pending sales were down 12 percent year over year as well.
Portland Median Sale Price by district - November 2024 - October 2026
Every district is still showing fewer pending sales than a year ago. That trend has held for three months running now and is worth watching heading into winter.
Why this is happening
October’s numbers point to a market that’s thinning out rather than slowing down evenly. Fewer new listings and fewer pending sales metro-wide suggest both buyers and sellers are being more selective as the year winds down, which is typical seasonal behavior. What’s less typical is the price and speed movement in N and NE Portland specifically. When a district’s market time drops sharply while its pending sales count is falling, it usually means the homes that are listed are priced right and buyers are acting fast when something good comes up, not that overall demand is surging.
What this means if you’re buying or selling
If you’re selling in N or NE Portland, this is a good moment to talk through pricing strategy, since well-positioned homes are clearly finding buyers quickly right now. If you’re buying anywhere in the metro, the rise in inventory gives you a bit more room to be selective than you’d have had a year ago, even if the fast-moving pockets in certain neighborhoods mean you still need to be ready to act when the right house shows up.
Navigating a Move to or from Portland?
Whether you are buying first, selling first, or trying to do both at once, the process has more moving parts than most people expect. We work with clients who want to understand their options before making a move.
Curious what this means for your street?
Metro numbers are a starting point, not the full picture. What’s happening on your block or in your price range can look very different from the district average.
If you’re thinking about buying or selling this fall, let’s talk through what these numbers actually mean for your situation. We’ll walk you through recent comps, current inventory in your area, and a realistic timeline.
Kim Campbell, Realtor | PSA, RENE | Licensed Oregon Broker
Francisco Salgado, Realtor | MCNE, EA | Licensed Oregon Broker
Campbell Salgado Real Estate Group with Soldera Properties
