By Lily Ray Wyss, July 16, 2025
What we discuss:
• There being a good amount of inventory.
• The high levels of opportunity for home buyers.
• How sellers can still be successful in this changing market.
Inventory Is High—and That Means Choice
Portland currently has more homes on the market than we’ve seen in years. Compared to last June, inventory is up about 18%, and nearly 70% higher than two years ago, peaking at post-pandemic highs for this time of year.
That’s a huge deal—for the first time in a while, buyers aren’t just looking at a handful of homes. They’ve got selection, from fixer-uppers to move-in-ready.
Buyers Have Real Leverage Right Now
More inventory means fewer lines. For buyers, that translates into:
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Ability to negotiate on price or ask for concessions,
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Less competition in bidding wars (in many pockets),
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Time to think—homes are staying on the market longer (about 50 days on average, up from under 40 last year).
Bottom line? With the right guidance, buyers can avoid overpaying and shop smart.
It’s Still a Seller-Friendly Market—When You Know How
Yes, seller’s market? Technically. Homes in prime spots are still moving. But the strategy has shifted:
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Price strategically from day one—homes priced right are still selling fast.
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Stage and style smartly—professional photos and presentation matter more than ever.
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Be ready to adjust—market-responsive sellers are far more likely to close quickly.
A beautifully told, well-priced home? That’s how you still win. A stale listing hoping for “just one off-market buyer”? Not so much.
Future Outlook: Mildly Buyer-Leaning, More Balanced
Looking ahead into summer:
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Inventory should stay elevated thanks to seasonality.
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Buyer traffic may ease a bit—especially if rates hold steady.
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That setup points to more contract flexibility, a gentler pace, and fewer last-second bidding wars.
It’s shaping up to be a balanced market—not a crash, not a frenzy.
If you are looking to make a move this Summer or beyond, I would love to chat. Just have a question? I am here for that too.
Lily Ray Wyss
Broker | OR
She/Her
I love Portland. This city, and its surrounding areas, in my opinion, are the perfect place to call home. We have the amazing ability to put our toes in the ocean, snowboard, and visit some of the world's best breweries all in one day. Our food scene is extremely diverse and prolific. Want to see a show? Comedy, music, theater, etc all have growing, well-supported scenes here. I love selling homes in Portland and more importantly educating my clients and community on how amazing this city is and how you can own a piece of this beautiful state and call it home.
Follow me on Instagram to see my new finds and spotlights on the best places to eat, play, and be entertained in the area. And for information on buying/selling and current home market data. Follow at: @lilyrayresidential
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- T: 971-361-6114
- lily@lilyrayres.com
