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-08
As of the latest 2026 data
Cooling

Median Listing

$595K
-0.7% YoY

Pending Ratio

0.36
-2.9% YoY

Active Inventory

8,935
+2.8% YoY

Median DOM

61 Days
+1.7% YoY

Primary Intelligence Tool — Sold Score™

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The Portland-Vancouver-Hillsboro, OR-WA metro area is currently exhibiting cooling market dynamics, with a pending ratio of 0.36 indicating a significant imbalance between demand and available inventory. This suggests that absorption rates are lagging relative to supply. Median listing prices have remained stable month-over-month at $595,000, though they show a slight annual decline of 0.7%.

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

4.9%-0.3 pp YoY

Unemployment rate · Jul 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

821+37.1% YoY

Building permits (private housing units) · Jul 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.

Active listings have increased by 2.8% year-over-year, reaching 8,935 units, while new listings have seen a modest decline of 1.7% over the same period. The pending ratio has experienced a notable year-over-year decrease of 2.9%, reinforcing the cooling trend. Concurrently, median days on market have slightly extended by 1.7% year-over-year to 61 days, and the price-reduced share stands at 30.5%.

Historical Analysis

Market Trends

Median Price

$595K+0.0% MoM

Active Inventory

8,935+2.8% YoY

Days on Market

61+1.7% YoY

Sold Score™

47-2.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

47
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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 this environment, buyers are likely experiencing extended periods for property consideration, potentially allowing for more deliberate decision-making. The sustained elevated inventory levels and the declining pending ratio suggest that sellers may need to exercise greater price discipline and be prepared for longer marketing timelines to secure transactions.

Luxury Segment

The luxury segment in the Portland-Vancouver-Hillsboro metro does not present a distinct signal of softness in this dataset. The average listing price of $751,344 reflects a year-over-year decline of 2.4%, aligning with the general trend in median listing prices. The median price per square foot is $304, a decrease of 2.4% year-over-year.

Supply Dynamics

8,935 active listings represent the current floor, with new supply arriving at roughly 2,968 per month.

Pricing Pressure
30.5%

of active listings carry a price reduction, -0.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.4% year-over-year.

Absorption
0.36

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Portland-Vancouver-Hillsboro, OR-WA? Buyer Demand Index is running at 36%.

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
36%
Median Days on Market
61 days
Inventory YoY
+3%

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