Is the housing market slowing down in Portland, OR?
No real change. 2,660 homes sold in Portland, OR during May 2026, against 2,693 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 2,660 and 2,693 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: 2,841 homes sold two years ago, 2,693 last year, 2,660 now. Across two years the level has held roughly steady.
What is on the shelf next to what is selling: 7,719 homes were on the market in Portland, OR, and 2,660 sold. At that pace it would take about 2.9 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 Portland, OR area, through May 2026.
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More about the Portland, OR market
- When is the best month to sell a house in Portland, OR?
- How long does it take to sell a house in Portland, OR?
- Do homes sell above asking price in Portland, OR?
- Are home prices going up or down in Portland, OR?
- Is Portland, OR a buyer's market or a seller's market?
- Are sellers cutting prices in Portland, OR?
- What is the average home price in Portland, OR?
- How many homes are for sale in Portland, OR?
- All Portland, OR housing numbers
Other markets
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- 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?
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- Is the housing market slowing down in Grants Pass, OR?
Figures come from Redfin's published market data for the Portland, 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.