Proud Realty

We just finished the first quarter of the year, so it’s a great time to check the Portland metro area real estate stats and see how the market fared. Based on our own experience at Proud, the market continues to be steady, without any large swings in favor of buyers or sellers. But what do the numbers say?

In the first quarter, we saw the number of new listings rise 4.4%, which is good news for buyers. But closed sales rose 1.2%, eating up some of this extra inventory.

Homes are taking longer to sell, as buyers pass by homes that are overpriced or unusual in some way; however, good homes that are well-priced are generating multiple offer situations in many cases.

Price wise, we’ve seen volatility, but overall prices remain nearly flat—the first quarter saw the median price go down 2.8% compared to the first quarter of 2025. The median price of a single family home is now $544,000, which is 11% more than 5 years ago. This 11% over 5 years is not a huge return, but if you bought a home 5 years ago and have enjoyed 11% appreciation, you’d have significant equity from the value growing and from paying down your principal for 5 years, so even in slow-growth years, real estate can be a great investment.

So to summarize the market, things are steady as they have been for several years, despite all of the crazy things going on in the world, so the best time to buy a house still seems to be, as soon as you can. Feel free to reach out with questions anytime.