"Nearly half of all home sellers in the Portland-Vancouver-Hillsboro metro area have slashed their asking prices, marking one of the most aggressive repricing environments in the nation. The latest data from HousingWire shows 49.8% of active listings carried reduced prices as of Nov. 7, 2025, while homes lingered on the market for a median of 84 days. The widespread price cuts signal a fundamental shift in negotiating power as Portland's housing market moves firmly into buyer-favorable territory."
"With 5,583 single-family homes actively for sale and only 697 absorbed during the week, sellers face mounting pressure to attract offers in an increasingly competitive landscape. Portland homes now take 14 days longer to sell than the national median of 77 days, forcing listing agents to recalibrate pricing strategies. The 84-day median days on market exceeds OregonWashington's statewide figure of 70 days by 20%, highlighting the metro's particular challenges in moving inventory."
"Despite the pricing pressure, Portland maintains a substantial premium over broader markets. At $665,000, the median list price sits 51% above the state median of $440,000 and 54% higher than the national median of $432,980. The price per square foot tells a similar story at $308, representing a 19% premium over the state's $259 and 45% above the national $212."
49.8% of active listings had reduced prices as of Nov. 7, 2025, and the median days on market reached 84 days. The metro had 5,583 single-family homes actively for sale while 697 were absorbed during the week, leaving 2.0 months of supply. Median list price was $665,000 and price per square foot was $308, marking significant premiums over state and national medians. New weekly listings totaled 335, 2.3% of sellers raised prices, and 6.2% of properties were relisted. The high rate of price reductions and extended time on market indicate shifting negotiating power toward buyers and mounting seller urgency.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]