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Are you planning to buy a home in Portland in 2026? If so, there are certain trends in the market you should know about.
In order to get a feel for housing in the Portland area, you will need to first ask yourself, what are the 2026 Portland, OR real estate market trends to keep an eye out for? Of course, you will likely not be able to rattle the top 3 trends off without doing so research. The good news is that you don’t have to because we’ve done the work for you.
If you live in the Portland area, you’ve probably already seen headlines relating to home prices in recent years. Home prices have gained a lot of traction over the past few years, though they’ve remained stagnant over the past 12 months, according to Zillow. As of January 2026, the average home price in Portland is $519,612.
That said, looking forward, experts believe that home prices will continue to increase modestly over the next 12 months.
So, that’s the first prediction for Portland’s housing market: home prices will increase steadily over the months ahead.
Related: Overview of closing costs in Portland
Recently, the number of listings slowed after sellers who normally would have listed held off due to high mortgage rates. This is because they were afraid of trading in a lower rate for a higher one when they took out a new mortgage for a new home they planned to buy.
For this reason and others, inventory continues to remain tight. There are still not enough homes available for sale to accommodate the number of interested buyers on the market. More specifically, there is currently a 3.3-month supply of available homes for sale in Portland.
Even though many more listings have popped up and may continue to spring over the next few months, there is still a low number of residential homes for sale in Portland and in Oregon as a whole. That said, according to RedFin, the number of homes sold in December 2025 increased 7.2% YOY.
Homes are selling faster, too. The average number of days on the market for listings in Portland is currently 42, down 9 days from the same time the year before.
Home buyers would be well-advised to be prepared. Among other things, this means having your financing pre-arranged before you start shopping for homes. If you’re going to use a mortgage loan to finance your purchase, you can benefit from getting pre-approved before entering the real estate market.
Related: 5 tips for buying a home in Portland, OR
Mortgage rates have been very high this year, but they are showing a declining trend. Today, the interest rate for a 30-year fixed-rate mortgage is 6.15%, according to Freddie Mac.
Rising home values have been a big concern for home buyers in the area, but declining mortgage interest rates may help to offset this expense.
The Mortgage Bankers Association (MBA) routinely issues forecasts for a variety of economic indicators. Their “finance forecast” also includes an outlook for 30-year mortgage rates. In their latest report, the industry group predicted that the average rate for a 30-year fixed home loan would dip to 6% or lower by the end of 2026.
You can find out what rates are currently available by using our instant rate quote tool in Portland.
Disclaimer: This article includes housing market predictions for Portland, Oregon, that were curated from various third-party sources not associated with our company. We have presented them here as an educational service to help home buyers be better prepared.
Sammamish Mortgage has been serving borrowers in Oregon and across Colorado, Idaho, Washington, and California since 1992. We offer many mortgage programs and provide you with a mortgage rate quote, along with an estimate of what your monthly payments would be. You can even use our mortgage calculator to see how much a home loan would cost you in Portland. Please contact our staff with your questions or to start the process by getting pre-approved.
Whether you’re buying a home or ready to refinance, our professionals can help.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.
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