By Kelsey Burkett, May 29, 2025
Find out what’s happening in the Portland real estate market as we head into Summer 2025.
Hey there — I’m Kelsey Burkett, Broker with the Rooted Realty Group at Living Room Realty — here to give you the scoop on the Portland real estate market for late May, 2025.
Inventory
Spring is finally in full bloom and our inventory is following suit. Right now, we have just over 3 months of inventory across Portland metro, the highest we’ve seen since early 2023. That means things are softening slightly from the ultra-competitive market we’ve been in — but we’re still not quite in Buyer’s market territory. We’ve also seen a solid uptick in new listings — three thousand one hundred and seventy homes hit the market in April. But here’s the thing — more inventory also means more competition for Sellers, and we’re seeing that show up in price reductions—about 26% of active listings have adjusted their price in the last 30 days.
So What Does This All Mean?
For buyers, you’ve got more options right now—and a bit more negotiating power. Homes are sitting slightly longer, averaging 62 days on market, giving you room to slow down, think strategically, and make a smart move. That said, well-priced homes in popular neighborhoods are still drawing multiple offers, so don’t wait too long if the right one pops up.
For sellers – pricing and presentation are everything. Homes that are move-in ready and priced just slightly under market value are still moving fast—especially in hot spots like Beaumont-Wilshire, Mount Tabor, and Hillsdale, where listings often go pending in under a week.
If you’re a buyer looking for more approachable pricing and manageable competition, keep an eye on up-and-coming areas like Roseway, Lents, Brentwood-Darlington, and parts of North Portland like Portsmouth and Kenton.
Interest Rates
As for interest rates — we’re hovering around 6.75% for a 30-year fixed. They’ve remained pretty steady this spring, and while we’re all watching the Fed, most projections suggest we’ll stay in this range for at least the next few months and likely through fall.
Overall, home prices in Portland have remained relatively stable. The average home price stands just under $617,000 — up slightly from earlier this year, but down a bit compared to last spring. Depending on your specific location and property type, there are advantages on both sides of the table.
Make A Move
At Rooted Realty Group, we know how to help Buyers and Sellers stand out. Whether it’s strategic pricing, creative marketing or knowing how to position your offer in a competitive situation—we bring deep local expertise and guide you every step of the way.
If you’re ready to make a move — or just have questions — reach out. We’re here to help you start your next chapter.
Kelsey Burkett
Broker | OR
She/Her
Kelsey brings a wealth of experience and a results-driven approach to every real estate transaction, ensuring her clients’ goals are met with precision and care...
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- T: 971-371-0203
- kelsey@livingroomre.com
