Apr 30, 2025 - News
Portland homebuyers face rising competition in 2025
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Nearly half of all the homes sold in Portland in February sold for at or above their listed price, up slightly from the same period in 2024, per an analysis from Redfin.
The big picture: Nationally, as inventory grows and buyers gain negotiating power, more homes are selling for less than their original listing price than a year ago, Redfin reports.
- Yes, but: Not in pricey Portland, where the median listing price was around $550,000 in February.
By the numbers: Around 55% of homes sold for below their listed price that month.
- Just under 18% sold for their listing price.
- Nearly 27% sold for over listing.
- Nationwide, 64% of U.S. homes sold below their original list price in February.