July 2025 – Market Action Report

Bella Casa Admin
Aug 7
4 min read

Reach out to Catherine, Amy, or Joni— your trusted local experts. They’ll break down the numbers, explain the trends, and help you understand what it all means for your next move.

As we head into the second half of 2025, the Portland Metro housing market continues to reflect both change and opportunity. While interest rates and affordability remain key concerns nationally, the local market is demonstrating signs of stability, slight growth in prices, and, most notably, more breathing room for buyers.

At The McCreith Team, we’re here to help you navigate this evolving market with confidence, whether you're buying your first home, moving up, downsizing, or investing. With our deep market knowledge and personalized approach, we can help you make smart, informed decisions no matter the market conditions.

In this post, we’ll break down the most important insights from the July 2025 Market Action Report, highlight trends from the year so far, and explain what it means for you as a buyer, seller, or simply someone watching the market.

(Download the Market Action Report PDF here)

Market Overview: June 2025 Trends

How Did the Market Perform in July?

Market Snapshot: July 2025 vs July 2024

	July 2025	July 2024	% Change
New Listings	2,931	2,905	+0.9%
Pending Sales	2,177	2,191	-0.6%
Closed Sales	2,005	2,075	-3.4%
Avg. Sale Price	$621,800	$622,900	-0.2%
Median Sale Price	$555,000	$550,000	+0.9%
Inventory (Months)	3.7	2.8	+32.1%
Avg. Market Time	52 Days	44 Days	+18.2%

Despite a slight dip in closed and pending sales, the market remains active and balanced. Inventory has grown to 3.7 months, following the trend from the past 2 years of a June to July increase, though with about a month more of inventory than this time last year, according to the chart of page 2 of the attached report. This change is giving buyers more options and lessening the likelihood of multiple competing offers, though they still do occur under special circumstances. Meanwhile, home prices have stayed stable, with only a minor shift in the average price and a small increase in the median.

Buyer takeaway: You’re seeing more choices and slightly more negotiating power. Be prepared, though, well-priced homes still move quickly.

Seller takeaway: Price your home competitively. The days of instant multiple offers on every listing are slowing, but demand is still healthy if your home is priced and presented well.

Year-to-Date Trends (January – July 2025)

The year-to-date figures tell a story of resilience and subtle recovery:

Metric	2025 YTD	2024 YTD	% Change
New Listings	20,188	19,300	+4.6%
Pending Sales	13,660	13,667	-0.1%
Closed Sales	12,568	12,525	+0.3%
Avg. Sale Price	$615,700	$610,700	+0.8%
Median Sale Price	$550,000	$545,000	+0.9%
Avg. Market Time	63 Days	55 Days	+14.5%

While new listings are up nearly 5%, pending sales and closed sales have stayed relatively flat. That’s a signal of a balanced market, not too hot, not too cold. Prices are gradually increasing, reflecting ongoing demand, but without the dramatic spikes we saw in prior years.

Investor insight: The steady pricing and stable sales volume make the Portland market a relatively low-risk long-term market. Year-over-year appreciation remains modest but healthy.

Residential Sales by Price Range

The bulk of transactions in July 2025 occurred between $300K and $700K, with the highest concentration in the $400K-$600K range. Luxury sales ($1M+) continue to make up a smaller segment, though Lake Oswego and West Linn dominate that tier.

Affordability Update

A common question among buyers is: “Can I still afford a home here?” According to the Affordability Index from RMLS, a family earning the median income in Portland ($124,100) can afford 87% of a monthly mortgage on a median-priced home ($570,000 as of June). This is based on a 6.8% mortgage rate and a 20% down payment.

While affordability isn't perfect, Portland still compares favorably to many other West Coast metros. If we see rates drop later in the year, we could see another wave of buyer activity, so locking in a purchase now could pay off.

What's Happening at the Neighborhood Level?

The July report also includes breakdowns by area. Here are some regional highlights:

Lake Oswego/West Linn: Highest average sale price at $977,300. Desirable, luxury-driven.
North Portland: Average price $532,800, with pending sales down 5.7%.
Beaverton/Aloha: More accessible, average sale price at $563,000, sales down 7.3%.
Yamhill County: One of the most affordable areas, with a median sale price of $485,000.

Final Thoughts: What to Watch Going Forward

The Portland Metro market is in a state of normalization. Buyers have more leverage than in recent years, yet demand is still supporting steady price growth. Sellers must adjust to a longer time on market, but with proper strategy, homes are still selling well.

Here’s what to keep your eye on:

Interest rates: A drop could spark increased demand.
Inventory levels: More homes on the market may mean better deals.
Affordability: Wage growth vs home prices will remain a key factor.

Let The McCreith Team Help You

Whether you're buying, selling, or just exploring your options , we’re here to support you with personalized insights, expert negotiation, and unmatched market knowledge.

📞 Get in touch with us today to start your next chapter confidently!