Portland Metro Weekly: Single-family still brisk, condos slower to move

Greater Portland is showing two different rhythms right now. On the single-family side the metro aggregate shows about 6, 020 active listings with 2, 205 pending, equal to roughly 2.7 months of inventory and an average days on market of 43 for sold homes. The average sale price for single-family homes across the metro is $667, 278.

📊 Portland Metro Market at a Glance

Single-Family Homes

Inventory: 2.7 months
Active listings: 6,020
Pending listings: 2,205
Pending-to-active ratio: 26.8%
Average sale price: $667,278
Average sold DOM: 43 days

Condominiums

Inventory: 7.1 months
Active listings: 1,425
Pending listings: 213
Pending-to-active ratio: 13%
Average sale price: $359,653
Average sold DOM: 86 days

🔥 Where Single-Family Homes Look Most Competitive

When you see low months of inventory, higher pending activity and shorter days on market, that typically points to more competition and faster-moving buyer demand. Examples include Northeast Portland (1.6 months of inventory, 31.9 pending-to-active ratio, 29 days on market), North Portland (1.8 months, 29.7 pending-to-active ratio, 33 days) and Southeast Portland (2.1 months, 28.2 pending-to-active ratio, 33 days). In these areas buyers should expect fewer choices and quicker decisions.

Northeast Portland

Inventory: 1.6 months
Pending-to-active ratio: 31.9%
Average sold DOM: 29 days
Average sale price: $649,691

North Portland

Inventory: 1.8 months
Pending-to-active ratio: 29.7%
Average sold DOM: 33 days
Average sale price: $544,729

Southeast Portland

Inventory: 2.1 months
Pending-to-active ratio: 28.2%
Average sold DOM: 33 days
Average sale price: $572,024

🏡 Where Buyers May Have More Leverage

Markets with higher months of inventory and longer marketing times usually give buyers more flexibility. Columbia County (4.6 months, 73 days on market), Marion County (4.2 months, 50 days) and Yamhill County (4.0 months, 62 days) are examples where there are more homes relative to pending sales, which often translates into more time to evaluate properties and negotiate terms.

Columbia County

Inventory: 4.6 months
Pending-to-active ratio: 21.9%
Average sold DOM: 73 days
Average sale price: $516,603

Marion County

Inventory: 4.2 months
Pending-to-active ratio: 26.1%
Average sold DOM: 50 days
Average sale price: $505,381

Yamhill County

Inventory: 4 months
Pending-to-active ratio: 22.9%
Average sold DOM: 62 days
Average sale price: $604,113

🏢 The Condo Market Is a Different Story

Condos are behaving differently in many parts of the metro. At the aggregate level Greater Portland condominiums show about 7.1 months of inventory, a pending-to-active ratio near 13, and an average days on market around 86. Several condo submarkets have even higher inventory: Lake Oswego/West Linn condos sit at 9.9 months, and North Portland condos at 8.8 months.

Across multiple neighborhoods the gap between single-family and condo markets is large. In Northeast Portland single-family inventory is 1.6 months versus 8.4 months for condos, and single-family homes sell in about 29 days while condos average 118 days. North Portland shows a 7-month inventory gap (1.8 months single-family vs 8.8 months condos) and much longer condo marketing times. In short, single-family homes generally have lower inventory and move faster; condos tend to offer more choices and longer marketing windows.

💰 What This Could Mean for Buyers

• If you’re shopping for a single-family home in the hottest pockets (Northeast, North, Southeast), be prepared to move quickly: fewer listings and shorter days on market mean decisions happen faster.
• In higher-inventory areas (Columbia County, Marion County, Yamhill County) you’ll likely have more time to inspect, compare and negotiate.
• Condo buyers should expect more options but also longer marketing times, plan for a slower pace and look for value in areas with high condo inventory like Lake Oswego/West Linn and North Portland.
• Have financing and contingencies in order before writing an offer in fast-moving single-family neighborhoods; in slower markets you can prioritize inspections and timelines that matter to you.

🏠 What This Could Mean for Sellers

• Sellers in the tight single-family pockets can expect a faster pace; prioritize strong pricing, excellent marketing and quick availability for showings.
• For condo sellers, higher months of inventory and longer days on market mean presentation and pricing matter, clear photos, minor updates and realistic pricing can shorten time to sale.
• If your property is in a slower county-level market, be ready to allow a longer marketing period and consider targeted improvements that differentiate the listing.
• Regardless of market speed, work with your agent on comparable sales and a plan for timing, since single-family and condo markets are moving differently across neighborhoods.

Bottom Line

Portland is not a single housing market. Conditions vary by neighborhood, property type and price range, so buyers and sellers should look at the specific area and property class they care about.

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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