After a busy summer, the housing market of Portland shows signs of a seasonal shift. Copper traffic is still stronger than in recent years, but the inventory is higher and keeps the pressure on sellers. Price reductions are high and hold almost 50%and the average prices have remained flat in recent years.
In this update we will discuss the latest copper traffic, stock levels, price reductions, average prices and in anticipation of sales to see how the market is performing. We will also emphasize what these trends mean for buyers and sellers and share a prediction for the rest of the year.
2025 Koper traffic trends show continuous strength at previous years
October Copper Traffic Trends will take place above 2024 and 2023 Totals
In our 20+ years of studying and working on the Portland Metro Housing Market, copper traffic in Oregon remains one of the most important statistics that we use to understand the state of the market at any time.
The latest copper traffic data ended on 31 August included 68,241 impressionshigher than both 2024 (63,744) and 2023 (64,026). (2022 data are incomplete in the latest data, so we only evaluate 2023-2025.) Compare the last three years, 2025 has shown a remarkable increase in traffic during the summer, with a similar proportional increase in August as in previous months.
| Year | Total impressions |
| 2025 | 68,241 |
| 2024 | 63,744 |
| 2023 | 64,026 |
| 2022 | Incomplete |
| 2021 | 76,900 |
Portland monthly copper traffic temperature remains warm
The figures place Portland in the warm temperature range for August, even more to the top of the warm spectrum. This is remarkable considering that the traffic is usually more illuminated by the end of the summer. The increased totals reinforce that buyers are still involved.
| Monthly impressions | Temperature label |
| Under 45,000 | Cold |
| 45,000 – 55,000 | Cool |
| 55,000 – 65,000 | Heating |
| 65,000 – 70,000 | Warmly |
| Above 70,000 | Is called |
Daily copper traffic indicates sustainable interest
We can get a clearer picture of potential trends by viewing the last 12 days. We have to take weekend dates into account, because they often produce higher totals. However, we can compare non-the week days and investigate the general reach of totals to get a general understanding. This is what we see as a general trend.
Week day activity was kept strong in the low to half past 2000s. When comparing every day, traffic fluctuated between 1,639 and 2,301 impressions per day. The totals indicate that the question remains stable as the summer transitions in the fall, and the interest of the buyer is the momentum that is seen above the levels that are seen in 2023 and 2024.
(weekend days are bold)
| Date | Impressions |
| 8/31 | 1,639 |
| 8/30 | 2,188 |
| 8/29 | 2,301 |
| 8/28 | 2,130 |
| 8/27 | 2,192 |
| 8/26 | 2,244 |
| 8/25 | 1,942 |
| 8/24 | 2,109 |
| 8/23 | 2,280 |
| 8/22 | 2,247 |
| 8/21 | 2,119 |
| 8/20 | 2,123 |
Stock levels are higher than in recent years
The stock levels remain increased compared to in recent years, a trend that has existed since spring. From September 19, the active offers from Portland were on 1,663. For the same time in 2024, the inventory was 1,559. In 2023 it was 1,302And in 2022 it was 1,556.
Comparison of the recent figures, the current total of Portland 1,663 is removed from 1,752 mid -August and 1,830 Mid July, reflection of a seasonal dip that usually occurs when the market goes in the fall, when fewer new entries come on the market.
Inventory reduction data with thanks Fidelity National Title.
Despite the continuous increase in the inventory on an annual basis, traffic is stronger than in previous years. With the help of history as a guide we can expect the rising inventory until October and November, before it falls again from December to spring. The increase in October and November usually exerts more pressure on sellers. How much pressure it will be is difficult to gauge. Although the buyer’s demand seems strong, helping sellers with a slightly stronger advantage for this season than in previous years, the number of properties with price collection is higher than normal. Let’s see that now.
Price reductions hold, but increased on an annual basis
From September 19, 49.61% Price reductions of active offers. This is a bit down of 50.29% mid -August and modest of 48.20% mid -July. Relative stability in the past two months suggests that price reductions have been pledged for the time being, which reflects a seasonal standard and selling sellers in higher inventory, as well as the stronger question of this year of buyers.
Data of price reduction thanks to Fidelity National Title.
That aside, even with higher copper traffic, will continue to increase price reductions compared to the recent years. With the current total 49.61%At the same time of the year last year came in 43.75%. 2023 was 39.25%. The current percentage shows a stronger price pressure than in previous years.
Increased inventory combined with competitive prices stimulates what we see. Although the past two months have been stable in terms of traffic, history tells us that reductions often continue to fall in October and November. If that is true this year, and these percentages show signs of this, sellers can continue to feel the pressure to adjust the prices more aggressively, especially if the inventory remains higher than normal. Although higher than normal copper traffic can help reduce the impact, it does not seem to reduce price pressure on sellers so far.
The average prices are falling slightly
When we look at home values, we use Price-per square foot As the best measure for the average house price. From September 19, the average price per square foot in Portland was on $ 311unchanged from mid -August and a little down $ 313 in July. Although relatively stable, the slight decrease reflects a typical seasonal trend where prices decrease as the urgency of the buyer disappears in the late summer.
Data per square foot thanks Fidelity National Title.
However, the figures compared on an annual basis, but the figures tell a different story. At the same time in 2024 the average was $ 320 per square footAnd in 2023 it was $ 317. This year’s prices now match the 2022 Total of $ 311Showing Portland remains flat.
This flattening indicates that despite stronger than usual copper traffic, increased inventory and high percentages of price reductions on winnings. Unless the question speeds up whether the inventory is falling sharply, the average prices will probably fall slightly in December, returning again in January, making the fall and early winter a time of increased pressure on sellers. Although this is typical at this time of the year, the pressure is already higher than typical, so sellers must be prepared for negotiation. Buyers continue to find more room to secure value compared to the past two years.
New offers and pending sales show seasonal decrease, but a higher demand on an annual basis
The last RMLS Market Action August Report So far shows that there are new entries in Portland in total in Portland 2,476A 7.2% decrease from the 2,669 lists in August 2024 and down 15.5% by 2,931 in July 2025.
This seasonal dip is typical as sellers become more careful on their way to autumn, but the decline in July was steeper than normal, indicating that fewer homeowners choose to mention their property in the season, even with a higher copper traffic.
In anticipation of sales, tell another story. There were 2,275 pending sale in August 2025A 10.9% increase by 2,052 in August 2024 and one 4.5% increase by 2,177 in July 2025. Although this is one Positive sign that the buyer’s question will remain strong, the figures to keep a close eye on the price decreases. They are a strong indication of the market balance.
This increase in current turnover is undoubtedly and focused on the recent interest rate. The interest rates are behind the wheel of the driver. Although the buyer traffic has been very high this year, the sale has remained awaiting the same. Combine that with a higher inventory than we had in 2024 and the market was worse in 2025.
However, if the rates remain low and continue to fall, things can improve for the sellers in the coming months. But the holiday is coming and with the big holidays every year a major decrease in copper traffic comes. So if there is an improvement this fall, it will be short -lived. If the interest rates remain lower at the beginning of the year, we can expect that the spring market that usually already benefits sellers is a strong time to sell.
Looking ahead, new offers will probably remain trending until October and November, while in anticipation of the sale either reasonably stable or falls, but in all cases generally decrease in December.
Advice for buyers and sellers
With inventory still increased above in recent years and price reductions by almost 50%, sellers have to anticipate longer market times and a need for competing prices. Lists that run too high are overlooked in a busy market, especially in a time of higher traffic and seasonal stock that usually rises until October and November. Sellers must actually be willing to adapt to prevent long market times.
For buyers, the current market offers more negotiating power than in the past two years. Increased inventory and signs of lower prices can offer more options to find value. With the average prices under 2023 and 2024 levels and fewer houses on the market, buyers can protect better deals than in previous seasons.
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