Portland Metro Weekly Market Snapshot, August 23, 2026

Looking across Greater Portland this week, the single-family market shows relatively limited supply and a moderately quick selling pace: 5, 994 active single-family listings, 2, 274 pending, and 2.6 months of inventory with an average of 43 days on market for sold homes. Those numbers point to a market where choices are more limited for buyers and many neighborhoods move faster than others. Condominiums are behaving differently. The condo pool across the metro sits at about 1, 449 active listings with 7.2 months of inventory and an average of 87 days on market for sold condos. That split means condo shoppers generally see more selection and longer marketing times than single-family buyers do, though conditions vary widely by neighborhood.

📊 Portland Metro Market at a Glance

Single-Family Homes

Inventory: 2.6 months
Active listings: 5,994
Pending listings: 2,274
Pending-to-active ratio: 27.5%
Average sale price: $668,290
Average sold DOM: 43 days

Condominiums

Inventory: 7.2 months
Active listings: 1,449
Pending listings: 202
Pending-to-active ratio: 12.2%
Average sale price: $356,766
Average sold DOM: 87 days

🔥 Where Single-Family Homes Look Most Competitive

The single-family neighborhoods with the tightest supply are the most competitive. Northeast Portland leads with just 1.6 months of inventory, a high pending-to-active ratio (34.1), and homes selling in about 28 days. North and Southeast Portland also show low inventory (about 1.7 to 2.0 months) and faster sale times. Low months of inventory, strong pending activity and shorter days on market generally indicate faster-moving listings, meaning buyers should expect to make quicker decisions and sellers may see more leverage.

Northeast Portland

Inventory: 1.6 months
Pending-to-active ratio: 34.1%
Average sold DOM: 28 days
Average sale price: $646,616

North Portland

Inventory: 1.7 months
Pending-to-active ratio: 32.7%
Average sold DOM: 34 days
Average sale price: $543,564

Southeast Portland

Inventory: 2 months
Pending-to-active ratio: 30.7%
Average sold DOM: 32 days
Average sale price: $573,754

🏡 Where Buyers May Have More Leverage

On the flip side, certain single-family markets are offering more breathing room for buyers. Columbia County has about 4.5 months of inventory and an average 77 days on market, while Marion and Yamhill counties sit above 4 months as well. Higher months of inventory and longer marketing times often create more choices and give buyers extra flexibility on timing and negotiation.

Columbia County

Inventory: 4.5 months
Pending-to-active ratio: 21.2%
Average sold DOM: 77 days
Average sale price: $520,107

Marion County

Inventory: 4.2 months
Pending-to-active ratio: 28.4%
Average sold DOM: 51 days
Average sale price: $506,786

Yamhill County

Inventory: 4.1 months
Pending-to-active ratio: 22.2%
Average sold DOM: 62 days
Average sale price: $610,051

🏢 The Condo Market Is a Different Story

Condo markets across the metro are not moving at the same pace as detached homes. Many condo areas show significantly higher months of inventory and longer days on market. Even in parts of Southeast Portland where condos are relatively active (about 4.9 months), several neighborhoods, including Lake Oswego/West Linn condos at 9.9 months, show extended selling timelines compared with single-family inventory in the same areas.

Across multiple neighborhoods the difference is clear: single-family inventory often sits between about 1.6 and 3.6 months while condo inventory commonly ranges from roughly 5.5 up to 9.9 months. Pending-to-active ratios for condos are lower in many areas, and days on market are higher, for example, Northeast Portland single-family homes averaged 28 days versus condos at about 121 days. In short, condos generally offer more choices and longer marketing windows, while detached homes in several neighborhoods are faster-moving and more competitive.

💰 What This Could Mean for Buyers

• If you’re shopping single-family in Northeast, North or Southeast Portland, expect quicker timelines: be prepared to review homes and write offers sooner than you might elsewhere.
• Condo shoppers will usually find more inventory and longer marketing periods; that can mean more negotiation room and time to compare options.
• In buyer-opportunity areas like Columbia, Marion and Yamhill counties, higher months of inventory and longer days on market can translate to more choices and scheduling flexibility.
• Have your financing and contingencies organized so you can act quickly in fast-moving neighborhoods, or use the extra time in slower markets to do thorough comparisons and inspections.

🏠 What This Could Mean for Sellers

• Sellers in the fastest single-family pockets should price competitively and be ready for quicker offer windows, since lower inventory and higher pending activity tend to accelerate sales.
• If you’re listing a condo, plan for a longer marketing timeline and consider pricing, staging and HOA-related messaging to stand out where inventory is higher.
• In slower single-family markets (for example, Columbia and parts of Marion and Yamhill counties), allow extra time for marketing and consult your agent about strategic updates or pricing to shorten days on market.
• Use local months of inventory, pending activity and typical days on market to set expectations and choose the right marketing plan for your neighborhood and price range.

Bottom Line

Portland is not a single housing market, conditions vary by neighborhood, property type and price point. Buyers and sellers should look at the specific area and property class that matters to them.

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.

Schedule a Call Visit My Real Estate Site