Market Intelligence Report — OR-WA-900

Portland-Vancouver-Hillsboro, OR-WA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-OR-WA-07
As of the latest 2026 data
Cooling

Median Listing

$595K
-0.8% YoY

Pending Ratio

0.38
-0.7% YoY

Active Inventory

8,759
+0.5% YoY

Median DOM

57 Days
+4.6% YoY

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The Portland-Vancouver-Hillsboro metropolitan area is currently classified as Cooling. This condition is primarily driven by a pending ratio of 0.38, which indicates demand absorption is not keeping pace with available inventory. Active listings have seen a marginal year-over-year increase of 0.5%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

5.0%+0.2 pp YoY

Unemployment rate · Jun 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

2.54M+0.4% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

1,141+44.4% YoY

Building permits (private housing units) · Jun 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Portland-Vancouver-Hillsboro market right now.

The market exhibits a directional trend toward increased inventory and slower demand absorption. New listings have risen by 4.9% over the past year, contributing to a slight year-over-year increase in active listings. Concurrently, the pending ratio has declined by 0.7% year-over-year, reflecting reduced demand relative to supply. Median listing prices show a modest contraction, decreasing by 0.8% over the past year, while the average listing price has seen a more pronounced decline of 2.1% in the same period. Median days on market have extended by 4.6% year-over-year, signaling a slower pace of transaction.

Historical Analysis

Market Trends

Median Price

$595K-0.7% MoM

Active Inventory

8,759+0.5% YoY

Days on Market

57+4.6% YoY

Sold Score™

47-0.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

47
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

In a Cooling environment, negotiating leverage shifts. The extended median days on market, now at 57, combined with increased active listings, suggests a moderated pace of transactions. Sellers may face increased inventory pressure, requiring greater price discipline to attract offers. The lower pending ratio indicates that demand is not absorbing available supply quickly, potentially leading to longer marketing periods.

Luxury Segment

The luxury segment in this market shows signs of softening, indicated by an elevated average-to-median listing price spread ($759,349 vs. $595,000) and a notable 2.1% year-over-year decline in the average listing price, which is more significant than the 0.8% decrease in the median listing price. Median price per square foot has also declined by 2.3% year-over-year.

Supply Dynamics

8,759 active listings represent the current floor, with new supply arriving at roughly 3,326 per month.

Pricing Pressure
31.0%

of active listings carry a price reduction, -0.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.3% year-over-year.

Absorption
0.38

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Portland-Vancouver-Hillsboro, OR-WA? Buyer Demand Index is running at 38%.

Buyers have leverage in Portland-Vancouver-Hillsboro, OR-WA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
38%
Median Days on Market
57 days
Inventory YoY
+1%

In a buyer's market, strategy beats timing. See how your home scores in Portland-Vancouver-Hillsboro, OR-WA and what moves the number.

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Metro Demographics

Metro Area
Portland-Vancouver-Hillsboro, OR-WA
CBSA Code
38900
State
OR-WA