Counties › Multnomah County, OR
Is the housing market slowing down in Multnomah County, OR?
No real change. 864 homes sold in Multnomah County, OR during May 2026, against 886 in the same months a year earlier. That gap is small enough to be ordinary month-to-month variation rather than a trend.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
We call this unchanged deliberately. The difference between 864 and 886 sales is inside the range that a normal month produces on its own, so calling it a decline or a recovery would be reading a story into noise.
The longer view, all measured over the May window so the season is held constant: 912 homes sold two years ago, 886 last year, 864 now. Across two years the level has held roughly steady.
What is on the shelf next to what is selling: 2,437 homes were on the market in Multnomah County, OR, and 864 sold. At that pace it would take about 2.8 months to clear them all. There are more buyers than homes for sale. Sellers have the edge.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Multnomah County, OR area, through May 2026.
Are you the agent for Multnomah County, OR?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
More about the Multnomah County, OR market
- When is the best month to sell a house in Multnomah County, OR?
- How long does it take to sell a house in Multnomah County, OR?
- Do homes sell above asking price in Multnomah County, OR?
- Are home prices going up or down in Multnomah County, OR?
- Is Multnomah County, OR a buyer's market or a seller's market?
- Are sellers cutting prices in Multnomah County, OR?
- What is the average home price in Multnomah County, OR?
- How many homes are for sale in Multnomah County, OR?
- All Multnomah County, OR housing numbers
Other markets
- Is the housing market slowing down in Portland, OR?
- Is the housing market slowing down in Bend, OR?
- Is the housing market slowing down in Salem, OR?
- Is the housing market slowing down in Eugene, OR?
- Is the housing market slowing down in Medford, OR?
- Is the housing market slowing down in Albany, OR?
- Is the housing market slowing down in Roseburg, OR?
- Is the housing market slowing down in Newport, OR?
Figures come from Redfin's published market data for the Multnomah County, OR area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.