Portland Metro Housing Snapshot, May 9, 2026

Across Greater Portland the single-family market looks relatively tight: 2.5 months of inventory, about 28.6% of active homes currently pending, and sold homes averaging 43 days on market. Those numbers mean many buyers for detached homes are making decisions faster than a few months ago, and sellers in some neighborhoods are seeing brisk activity.

📊 Portland Metro Market at a Glance

Single-Family Homes

Inventory: 2.5 months
Active listings: 5,941
Pending listings: 2,375
Pending-to-active ratio: 28.6%
Average sale price: $671,385
Average sold DOM: 43 days

Condominiums

Inventory: 7.1 months
Active listings: 1,432
Pending listings: 218
Pending-to-active ratio: 13.2%
Average sale price: $358,457
Average sold DOM: 87 days

🔥 Where Single-Family Homes Look Most Competitive

The most competitive single-family pockets are concentrated inside the city. Northeast Portland shows 1.5 months of inventory, a 38.1% pending-to-active ratio and average days on market of 28. North Portland and Southeast Portland are similarly fast, with about 1.6 to 2 months of inventory and sub-30 to low-30 day selling times. Low inventory, high pending activity and shorter days on market generally indicate a more competitive environment and less time for buyers to deliberate.

Northeast Portland

Inventory: 1.5 months
Pending-to-active ratio: 38.1%
Average sold DOM: 28 days
Average sale price: $646,384

North Portland

Inventory: 1.6 months
Pending-to-active ratio: 36%
Average sold DOM: 29 days
Average sale price: $548,921

Southeast Portland

Inventory: 2 months
Pending-to-active ratio: 30.9%
Average sold DOM: 30 days
Average sale price: $578,129

🏡 Where Buyers May Have More Leverage

Other parts of the region give buyers more breathing room. Columbia County has 4.6 months of inventory and average days on market of 73, while Yamhill and Marion counties are around 4.1 months. Those higher inventory levels and longer marketing times typically mean more choices and more flexibility on timing and terms for buyers.

Columbia County

Inventory: 4.6 months
Pending-to-active ratio: 19.9%
Average sold DOM: 73 days
Average sale price: $523,422

Yamhill County

Inventory: 4.1 months
Pending-to-active ratio: 22%
Average sold DOM: 60 days
Average sale price: $608,570

Marion County

Inventory: 4.1 months
Pending-to-active ratio: 28.8%
Average sold DOM: 53 days
Average sale price: $509,443

🏢 The Condo Market Is a Different Story

Condominiums are acting differently from detached homes in many neighborhoods. Metro-wide condos sit at about 7.1 months of inventory, with sold condos averaging 87 days on market. In multiple submarkets condo inventory and days on market are notably higher than for single-family homes.

Look at North Portland: single-family inventory is 1.6 months versus 9.5 months for condos, and sold single-family homes average 29 days while condos average 112 days. Northeast Portland shows a similar split: 1.5 months for houses versus 6.7 for condos, and 28 days versus 121 days. Those gaps mean condos often offer more choices and likely more time to negotiate, while single-family homes in the same neighborhoods tend to be faster-moving and face more competition.

💰 What This Could Mean for Buyers

• If you’re shopping for a single-family home in Northeast, North or Southeast Portland, expect limited choices and quicker decisions: properties can move in 3 to 4 weeks.
• Condo buyers will often find more inventory and longer marketing windows (multiple months in many areas), which can translate into more time to inspect options and compare financing.
• In commuter or outlying counties like Columbia, Yamhill and Marion, higher months of inventory and longer days on market create more room to negotiate on price and timing.
• If you’re considering higher-priced markets like Lake Oswego/West Linn or West Portland, recognize these are pricier, moderately paced markets (around 3 to 3.6 months of inventory) where presentation and pricing still matter.

🏠 What This Could Mean for Sellers

• Sellers of detached homes in fast neighborhoods should be prepared for a quicker sale: strong listing preparation and clear pricing help capture the active buyer pool.
• Condo sellers face heavier inventory and longer days on market in many submarkets, so realistic pricing and strong marketing are important if you want a faster sale.
• In slower single-family markets (Columbia, Yamhill, Marion counties) plan for longer marketing times and consider staging or targeted improvements to stand out.
• High-end sellers (Lake Oswego, West Portland) should balance price expectations with market pace: these areas show mid-range months of inventory but carry high average sale prices.

Bottom Line

Portland is not one housing market. Neighborhood, property type and price range change the playbook. Buyers and sellers should focus on the specific area and property type they care about when planning next steps.

Market statistics are based on the weekly TMO Reports data used for this analysis and are subject to change. Real estate conditions can vary significantly by neighborhood, property type and price range.

About the Author

Steven Tran

Oregon and Washington real estate broker serving Portland Metro and Southwest Washington. I work with relocation buyers, first-time and move-up buyers, investors and new construction clients.

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