{"id":348812,"date":"2025-12-18T01:33:14","date_gmt":"2025-12-18T01:33:14","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/portland-real-estate-market-update-october-2025\/"},"modified":"2025-12-18T01:33:14","modified_gmt":"2025-12-18T01:33:14","slug":"portland-real-estate-market-update-october-2025","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=348812","title":{"rendered":"Portland Real Estate Market Update \u2013 October 2025"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<picture><source type=\"image\/webp\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/iStock-2174831511.jpg.webp\"\/><img decoding=\"async\" src=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/iStock-2174831511.jpg\" alt=\"Article thumbnail\"\/>\n<\/picture>\n<p>After a busy summer, Portland\u2019s housing market is showing signs of a seasonal shift. Buyer traffic is still stronger than in recent years, but inventory is higher, keeping pressure on sellers. Price reductions are high and holding near 50%, and average pricing has stayed flat for the past few years.<\/p>\n<p>In this update, we take a closer look at the latest buyer traffic, inventory levels, price reductions, average pricing, and pending sales to see how the market is performing. We\u2019ll also highlight what these trends mean for buyers and sellers and share a forecast for the remainder of the year.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-2025-buyer-traffic-trends-show-continued-strength-over-prior-years\">2025 Buyer Traffic Trends Show Continued Strength Over Prior Years<\/h2>\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-6.png\"><picture fetchpriority=\"high\" class=\"wp-image-43114\"><source type=\"image\/webp\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-6.png.webp 821w\" sizes=\"(max-width: 821px) 100vw, 821px\"\/><img decoding=\"async\" fetchpriority=\"high\" width=\"821\" height=\"336\" src=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-6.png\" alt=\"\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-6.png 821w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-6-300x123.png 300w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-6-768x314.png 768w\" sizes=\"(max-width: 821px) 100vw, 821px\"\/>\n<\/picture>\n<\/a><\/figure>\n<h3 class=\"wp-block-heading\" id=\"h-october-buyer-traffic-trends-continue-above-2024-and-2023-totals\"><strong>October Buyer Traffic Trends Continue Above 2024 and 2023 Totals<\/strong><\/h3>\n<p>In our 20+ years studying and working in the Portland metro housing market, home buyer traffic in Oregon remains one of the most important metrics we use to understand the state of the market at any given time.\u00a0<\/p>\n<p>The latest buyer traffic data ending August 31st recorded <strong>68,241 showings<\/strong>, higher than both 2024 (<strong>63,744<\/strong>) and 2023 (<strong>64,026<\/strong>). (2022 data is incomplete in the latest data, so we are only evaluating 2023\u20132025.) Comparing the last three years, <strong>2025 has shown a notable increase in traffic throughout the summer, with similarly proportional increases in August as in previous months.<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Year<\/strong><\/td>\n<td><strong>Total Showings<\/strong><\/td>\n<\/tr>\n<tr>\n<td>2025<\/td>\n<td>68,241<\/td>\n<\/tr>\n<tr>\n<td>2024<\/td>\n<td>63,744<\/td>\n<\/tr>\n<tr>\n<td>2023<\/td>\n<td>64,026<\/td>\n<\/tr>\n<tr>\n<td>2022<\/td>\n<td>Incomplete<\/td>\n<\/tr>\n<tr>\n<td>2021<\/td>\n<td>76,900<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3 class=\"wp-block-heading\" id=\"h-portland-monthly-buyer-traffic-temperature-remains-warm\"><strong>Portland Monthly Buyer Traffic Temperature Remains Warm<\/strong><\/h3>\n<p>The numbers place Portland in the Warm temperature range for August, even more toward the upper end of the warm spectrum. That\u2019s notable given that traffic <a href=\"https:\/\/realestateagentpdx.com\/best-time-of-the-year-to-sell-a-home\/39753\">usually eases more by the end of summer<\/a>. The elevated totals reinforce that buyers are still engaged.<\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Monthly Showings<\/strong><\/td>\n<td><strong>Temperature Label<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Below 45,000<\/td>\n<td>Cold<\/td>\n<\/tr>\n<tr>\n<td>45,000 \u2013 55,000<\/td>\n<td>Cool<\/td>\n<\/tr>\n<tr>\n<td>55,000 \u2013 65,000<\/td>\n<td>Warming<\/td>\n<\/tr>\n<tr>\n<td><strong>65,000 \u2013 70,000<\/strong><\/td>\n<td><strong>Warm<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Above 70,000<\/td>\n<td>Hot<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h3 class=\"wp-block-heading\" id=\"h-daily-buyer-traffic-indicates-sustained-interest\"><strong>Daily Buyer Traffic Indicates Sustained Interest<\/strong><\/h3>\n<p>We can gain a clearer picture of potential trends to come by taking a closer look at the last 12 days. We need to account for weekend dates, as they often yield higher totals. However, we can compare non-weekend days and examine the general range of totals to gain a general understanding.\u00a0 Here\u2019s what we are seeing as a general trend.\u00a0<\/p>\n<p>Weekday activity held strong in the low- to mid-2,000s. When comparing all days, traffic fluctuated between 1,639 and 2,301 showings per day. The totals indicate that demand remains steady as summer transitions into fall, and buyer interest is maintaining momentum above the levels seen in 2023 and 2024.<\/p>\n<p>(weekend days are bolded)<\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Date<\/strong><\/td>\n<td><strong>Showings<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>8\/31<\/strong><\/td>\n<td><strong>1,639<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>8\/30<\/strong><\/td>\n<td><strong>2,188<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>8\/29<\/strong><\/td>\n<td><strong>2,301<\/strong><\/td>\n<\/tr>\n<tr>\n<td>8\/28<\/td>\n<td>2,130<\/td>\n<\/tr>\n<tr>\n<td>8\/27<\/td>\n<td>2,192<\/td>\n<\/tr>\n<tr>\n<td>8\/26<\/td>\n<td>2,244<\/td>\n<\/tr>\n<tr>\n<td>8\/25<\/td>\n<td>1,942<\/td>\n<\/tr>\n<tr>\n<td><strong>8\/24<\/strong><\/td>\n<td><strong>2,109<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>8\/23<\/strong><\/td>\n<td><strong>2,280<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>8\/22<\/strong><\/td>\n<td><strong>2,247<\/strong><\/td>\n<\/tr>\n<tr>\n<td>8\/21<\/td>\n<td>2,119<\/td>\n<\/tr>\n<tr>\n<td>8\/20<\/td>\n<td>2,123<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h2 class=\"wp-block-heading\" id=\"h-inventory-levels-are-higher-than-in-past-years\"><strong>Inventory Levels are Higher Than in Past Years<\/strong><\/h2>\n<p>Inventory levels remain elevated compared to the past several years, a trend that has persisted since spring. As of September 19th, Portland\u2019s active listings stood at <strong>1,663<\/strong>. For the same time in 2024, inventory was <strong>1,559<\/strong>. In 2023, it was <strong>1,302<\/strong>, and in 2022 it was <strong>1,556<\/strong>.<\/p>\n<p>Comparing the recent numbers, Portland\u2019s current total of <strong>1,663<\/strong> is down from <strong>1,752<\/strong> in mid-August and <strong>1,830<\/strong> in mid-July, reflecting a seasonal dip that typically occurs as the market heads into fall, when fewer new listings enter the market.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10.png\"><picture class=\"wp-image-43118\"><source type=\"image\/webp\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10-1024x347.png.webp 1024w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10-300x102.png.webp 300w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10-768x260.png.webp 768w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10.png.webp 1164w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"347\" src=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10-1024x347.png\" alt=\"\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10-1024x347.png 1024w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10-300x102.png 300w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10-768x260.png 768w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-10.png 1164w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/>\n<\/picture>\n<\/a><\/figure>\n<p>Inventory reduction data courtesy of <a href=\"http:\/\/fidelityportland.com\/\"><strong>Fidelity National Title<\/strong><\/a>.<\/p>\n<p>Despite the continued year-over-year increase in inventory, traffic is stronger than in previous years. Using history as a guide, we can expect rising inventory through October and November, before it drops again from December to spring. The October and November increases typically put more pressure on sellers. How much pressure it will be is hard to gauge. Though buyer demand appears strong, aiding sellers with a slightly stronger advantage for this season than in previous years, the number of properties with price decreases is higher than normal. Let\u2019s look at that now.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-price-reductions-are-holding-steady-but-elevated-year-over-year\"><strong>Price Reductions are Holding Steady but Elevated Year-Over-Year<\/strong><\/h2>\n<p>As of September 19, <strong>49.61%<\/strong> of active listings had price reductions. This is slightly down from <strong>50.29%<\/strong> in mid-August and up modestly from <strong>48.20%<\/strong> in mid-July. The relative stability over the last two months suggests that price cuts have plateaued for now, reflecting a seasonal norm and seller adjustments to higher inventory, as well as this year\u2019s stronger demand from buyers.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7.png\"><picture class=\"wp-image-43115\"><source type=\"image\/webp\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7-1024x354.png.webp 1024w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7-300x104.png.webp 300w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7-768x265.png.webp 768w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7.png.webp 1163w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"354\" src=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7-1024x354.png\" alt=\"\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7-1024x354.png 1024w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7-300x104.png 300w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7-768x265.png 768w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-7.png 1163w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/>\n<\/picture>\n<\/a><\/figure>\n<p>Price reduction data courtesy of <a href=\"http:\/\/fidelityportland.com\/\"><strong>Fidelity National Title<\/strong><\/a>.<\/p>\n<p>That aside, even with the higher buyer traffic, price reductions remain elevated compared to recent years. With the current total at <strong>49.61%<\/strong>, the same time of year last year came in at <strong>43.75%<\/strong>. 2023 was <strong>39.25%<\/strong>. The current percentage is showing stronger pricing pressure than in previous years.\u00a0<\/p>\n<p>Elevated inventory paired with competitive pricing drives what we are seeing. While the past two months have shown more steadiness in terms of traffic, history tells us that reductions often continue to decline further into October and November. If that holds true this year, and these percentages show signs of that, sellers may continue to feel the pressure to adjust pricing more aggressively, particularly if inventory remains higher than normal. Although higher-than-normal buyer traffic could help mitigate the impact, thus far, it doesn\u2019t seem to be reducing any pricing pressure on sellers.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-average-pricing-is-dropping-slightly\"><strong>Average Pricing is Dropping Slightly<\/strong><\/h2>\n<p>When looking at home values, we use <strong>price-per-square-foot<\/strong> as the best measure of the average home price. As of September 19, the average price per square foot in Portland stood at <strong>$311<\/strong>, unchanged from mid-August and down slightly from <strong>$313 in July<\/strong>. Though relatively steady, the slight decrease reflects a typical seasonal trend where prices level off as buyer urgency fades in late summer.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8.png\"><picture loading=\"lazy\" class=\"wp-image-43116\"><source type=\"image\/webp\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8-1024x350.png.webp 1024w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8-300x102.png.webp 300w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8-768x262.png.webp 768w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8.png.webp 1168w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"350\" src=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8-1024x350.png\" alt=\"\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8-1024x350.png 1024w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8-300x102.png 300w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8-768x262.png 768w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-8.png 1168w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/>\n<\/picture>\n<\/a><\/figure>\n<p>Per square foot data courtesy of <a href=\"http:\/\/fidelityportland.com\/\"><strong>Fidelity National Title<\/strong><\/a>.<\/p>\n<p>Compared year-over-year, however, the numbers tell a different story. At this same time in 2024, the average was <strong>$320 per square foot<\/strong>, and in 2023 it was <strong>$317<\/strong>. This year\u2019s pricing now matches the <strong>2022 total of $311<\/strong>, showing Portland is staying flat. <\/p>\n<p>This flattening signals that despite stronger-than-usual buyer traffic, elevated inventory, and high percentages of price reductions are pushing back on gains. Unless demand accelerates or inventory drops sharply, average prices are likely to drop slightly into December, rebounding again in January, making the fall and early winter a time of increased pressure on sellers. Though this is typical this time of year, the pressure is already higher than typical, so sellers should be prepared for negotiation. Buyers will continue to find more room to secure value compared with the last two years.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-new-listings-and-pending-sales-show-seasonal-decline-but-higher-demand-year-over-year\"><strong>New Listings and Pending Sales Show Seasonal Decline but Higher Demand Year-Over-Year<\/strong><\/h2>\n<p>The latest <strong>RMLS Market Action August Report<\/strong> through August 2025 shows that new listings in Portland totaled <strong>2,476<\/strong>, a <strong>7.2% decrease<\/strong> from the <strong>2,669 listings in August 2024<\/strong> and down <strong>15.5%<\/strong> from <strong>2,931 in July 2025.<\/strong><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-9.png\"><picture loading=\"lazy\" class=\"wp-image-43117\"><source type=\"image\/webp\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-9.png.webp 744w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-9-300x266.png.webp 300w\" sizes=\"auto, (max-width: 744px) 100vw, 744px\"\/><img decoding=\"async\" loading=\"lazy\" width=\"744\" height=\"660\" src=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-9.png\" alt=\"\" srcset=\"https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-9.png 744w, https:\/\/realestateagentpdx.com\/wp-content\/uploads\/2025\/09\/image-9-300x266.png 300w\" sizes=\"auto, (max-width: 744px) 100vw, 744px\"\/>\n<\/picture>\n<\/a><\/figure>\n<\/div>\n<p>This seasonal dip is typical as sellers become more cautious heading into fall, but the drop from July was steeper than usual, which indicates that fewer homeowners are choosing to list their properties late in the season, even with higher buyer traffic.\u00a0<\/p>\n<p>Pending sales tell a different story. There were <strong>2,275 pending sales in August 2025<\/strong>, a <strong>10.9% increase<\/strong> from <strong>2,052 in August 2024<\/strong> and a <strong>4.5% increase<\/strong> from <strong>2,177 in July 2025. Though this is a <\/strong>positive sign that buyer demand will remain strong, the numbers to watch closely moving forward are price decreases. They are a strong indication of market balance.\u00a0<\/p>\n<p><strong>This rise in pending sales is undoubtedly and directedly related to the recent interest rate drops. Interest rates are behind the driver\u2019s wheel. While buyer traffic has been very high this year, pending sales have stayed about the same. Combine that with higher inventory than we had in 2024 and the market has been worse in 2025. <\/strong><\/p>\n<p><strong>However, if rates stay low and keep dropping, things could improve for sellers for the next few months. But the holidays are coming, and with the major holidays comes a major drop in buyer traffic every year. So if there is an improvement this fall, it will be short lived. If interest rates remain lower at the turn of the year, we can expect the spring market that typically already favors sellers, to be a strong time to sell. <\/strong><\/p>\n<p>Looking ahead, new listings are likely to continue trending downward through October and November, while pending sales will either remain fairly steady or decline, but in all cases, generally decline into December.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-advice-for-buyers-and-sellers\"><strong>Advice for Buyers and Sellers<\/strong><\/h2>\n<p>With inventory still elevated above past years and price reductions holding close to 50%, sellers should anticipate longer market times and a need for competitive pricing. Listings that are too high risk being overlooked in a crowded market, especially in a time of higher traffic and seasonal inventory typically rising through October and November. Sellers should actually be prepared to adjust to avoid long market times.\u00a0<\/p>\n<p>For buyers, the current market offers more negotiating power than in the past two years. Elevated inventory and signs of lower prices may offer more opportunities to find value. With the average pricing holding below 2023 and 2024 levels and fewer homes on the market, buyers can secure better deals than in prior seasons.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-your-top-local-agents\"><strong>Your Top Local Agents<\/strong><\/h2>\n<p>Ready to buy or sell a home? Our buyers and sellers agents are here to help. Our<a href=\"https:\/\/realestateagentpdx.com\/sell-your-home-with-a-top-realtor\"><strong> top 1% sellers agents<\/strong><\/a> charge 1.7% to sell a home, with no fees and a cancel-anytime policy to back everything up. They pay more to market their homes online, so the homes sell faster and for more.\u00a0<\/p>\n<p>Our<a href=\"https:\/\/realestateagentpdx.com\/portlandbuyersagent\"><strong> top 1% buyers agents<\/strong><\/a> have helped hundreds of local buyers find their best match and provided friendly service. Call us today, or chat with the bot on this site. We\u2019d love to connect!<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>After a busy summer, Portland\u2019s housing market is showing signs of a seasonal shift. Buyer traffic is still stronger than in recent years, but inventory is higher, keeping pressure on sellers. Price reductions are high and holding near 50%, and average pricing has stayed flat for the past few years. In this update, we take [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":348813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[4856,11209,4517,13688,482,4238],"dealstore":[],"offerexpiration":[],"class_list":["post-348812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-estate","tag-market","tag-october","tag-portland","tag-real","tag-update"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portland Real Estate Market Update \u2013 October 2025 - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=348812\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portland Real Estate Market Update \u2013 October 2025 - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"After a busy summer, Portland\u2019s housing market is showing signs of a seasonal shift. Buyer traffic is still stronger than in recent years, but inventory is higher, keeping pressure on sellers. Price reductions are high and holding near 50%, and average pricing has stayed flat for the past few years. 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