June 2025 - Market Action Report
- Bella Casa Admin
- Jul 9
- 3 min read
At The McCreith Team, we believe real estate success starts with real market knowledge. Every month, we break down the market numbers to help you understand what is going on in our industry. We offer expert guidance on what the numbers mean for you, whether you're buying, selling, or just watching the trends.
Here’s the Portland Metro Market Update for June 2025.
(Download the Market Action Report PDF here)
Market Overview: June 2025 Trends
Quick Highlights
Key Metric | June 2025 | Change from May 2025 | Change from June 2024 |
New Listings | 3,096 | ⬇️ 15.2% | ⬆️ 1.7% |
Pending Sales | 2,267 | ⬇️ 1.4% | ⬆️ 2.3% |
Closed Sales | 1,988 | ⬇️ 1.5% | ⬇️ 4.5% |
Average Sale Price | $634,400 | ⬆️ 1.7% | ⬇️ 0.3% |
Median Sale Price | $570,000 | ⬆️ 0.1% | ⬆️ 0.9% |
Total Market Time | 51 days | ⬇️ from 55 days | ⬆️ from 46 days |
Inventory | 3.6 months | ⬆️ from 3.3 months | ⬆️ from 2.6 months |
Market Conditions: What the Numbers Reveal
June 2025 presented a steady but shifting real estate environment across the Portland Metro markets. While new listings were down month-over-month, they are up year-over-year, suggesting more sellers are entering the market compared to this time last summer.
Inventory Is Rising— And That’s a Good Thing
Inventory increased to 3.6 months, a clear sign the market is gaining balance. We haven’t hit full neutrality yet (typically considered around 5–6 months of inventory), but buyers today have more options and less competition than in past years.
Prices Remain Steady
Average sale price: $634,400 — holding strong month-over-month and nearly identical to last year.
Median sale price: $570,000 — a small but steady increase both MoM and YoY.
This shows price resilience in the face of shifting demand and growing inventory.
Homes Taking Slightly Longer to Sell
The average market time is now 51 days — that’s about 5 days longer than last year but 4 days shorter than last month. Buyers are being more selective, and sellers may need to price with precision to stand out.
Year-To-Date Snapshot (Jan–Jun 2025 vs. 2024)
Metric | 2025 YTD | 2024 YTD | Change |
New Listings | 17,194 | 16,336 | ⬆️ 5.3% |
Pending Sales | 11,660 | 11,650 | ⬆️ 0.1% |
Closed Sales | 10,468 | 10,386 | ⬆️ 0.8% |
Avg Sale Price | $614,800 | $607,800 | ⬆️ 1.2% |
Median Sale Price | $550,000 | $542,000 | ⬆️ 1.5% |
Avg Market Time | 65 days | 58 days | ⬆️ 13.1% |
The year-to-date view reflects a stable and slightly growing market with modest increases in listings and pricing - but it is taking slightly longer for homes to sell.
Chart: Inventory Trend (Jan–Jun 2023–2025)
Notice how inventory in 2025 has been consistently higher each month compared to the same periods in 2023 and 2024 — a signal that the intense seller's market of previous years is lessening.
Chart: Sales by Price Range – June 2025
Key Observations:
The $400K–$700K range dominates the market, making up the core of sales activity:
$400K–$500K: 373 sales
$500K–$600K: 384 sales (highest volume)
$600K–$700K: 301 sales
Sales sharply drop in higher price points, especially above $900K.
Entry-level homes under $300K account for only 6.4% of total sales, reflecting ongoing affordability challenges brought on by nearly a decade of solid price appreciation each year.
This distribution highlights the sweet spot for both buyers and sellers in the $400K–$700K range, where demand and activity are highest.
Affordability Check-In
The latest affordability data from NAR suggests:
A family earning Portland’s median income of $124,100 can afford 87% of the monthly mortgage on a median-priced home ($570,000) - but here is the kicker: this assumes a 20% down payment and a 6.8% 30-year fixed mortgage rate (Freddie Mac average for June). For most making the median income, 20% down is out of reach, meaning they must have really low DTI ratios (debt-to-income).
What It All Means
Buyers: You have more homes to choose from and more time to decide. Prices are steady, and interest rates remain the biggest variable.
Sellers: The right pricing strategy is key. Homes are still moving — especially in the $400K–$700K band — but buyers are choosier and they want more negotiation.
Investors: Stability in mid-price ranges and growing inventory signal opportunity for long-term strategies.
Let’s Navigate It Together
Whether you’re buying your first home, selling a long-loved property, or exploring investment opportunities, we’re here to make your next move smarter and ultimately successful!
Reach out to the McCreith Team, we’ll help you price right, buy smart, and move confidently!
Amy McCormick
📞 Phone: 503-310-7803
📧 Email: amy@thebellacasagroup.com
Catherine Summers
📞 Phone: 971-219-9858
📧 Email: catherine@thebellacasagroup.com
Joni McCreith
📞 Phone: 503-310-5613
📧 Email: joni@thebellacasagroup.com
Comments