Oct 20, 2025 - Real Estate
Oregon's slow-selling homes give buyers an edge
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Homes in Oregon spent a median of 43 days on the market before going under contract in August, according to Redfin data.
Zoom in: In the Portland metro area, it remains a buyer's market — there are roughly 32% more sellers right now than there are those looking to purchase a home.
- That may be because homebuying still feels out of reach for many. The median home sales price in Portland hangs around $550,200.
- "Homebuyers are spooked by high home prices, high mortgage rates and economic uncertainty, and now sellers are spooked because buyers are spooked," Redfin senior economist Asad Khan said in an August report.
What we're watching: Right now, Portland leads the country in discounted homes.
- Sellers here are more likely to cut prices to attract price-sensitive buyers as the number of active listings rise, per a report from Realtor.com.