Once a year we get these insights! Here is your look at the greater Portland area calculated for the previous month, and at this time of year, we get year-end info with Lake Oswego broken out at the bottom (Comparisons to Nov & 2024 year-end). ***Be sure to check out the Neighborhoods Report below which categorizes into smaller pieces all over the metro & compares Nov to Dec as well as year-end 2024 to 2025 in each area.
Overview/Fluctuations ~ December 2025/Year-End Market Data
New Listings and Pending sales over the whole metro area are down from last year at this time, while Closed Sales rose by 6.5%. Average Sale Price is up overall, whereas it’s both up & down in various areas. North Portland is down notably from last year at this time and NW Washington County also saw a significant drop in price. Hillsboro and Forest Grove areas also took dips. Inventory is up slightly from last year at this time and down significantly from November. See Neighborhoods Report below. While rates have been recently dipping into the upper 5’s they are currently in the low 6% range amid uncertain world events and the related effect on markets.
Lake Oswego: As mentioned below, it is more difficult to draw generalized conclusions on Lake Oswego because of the huge range of prices, ie all the way from $150,000 condos to $11,000,000 Lakeside Properties~ but we can see that Average Sale Price rose a bit and Closed sales decreased from Dec 2024 to Dec 2025. The mid-way (Median) sale price in 2025 in Lake Oswego was $850,000 as compared to Dec 2024 where it was $831,000, so not much change there. Days on the Market is approx the same as well.
Rates: “After a highly volatile week from concerns about a trade war erupting with Europe, markets are calming down. Rates are in the low 6% range.” Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources
- There were 1,005 New Listings in December which decreased 5.9% from the 1,068 in Dec 2024, & decreased a whopping 30.1% from the 1,437 in the previous month/Nov.
- At 1,633 December 2025’s Closed Sales (Solds) are up 6.5% from Dec 2024’s 1,534, and down 26.4% from the previous month’s total of 1,520.
- At 1,234 December’s Pending Sales (Accepted Offers) are down 6.9% from Dec 2024’s 1,326, and down a substantial 24.2% from the previous month/November’s total of 1,628 Accepted Offers.
- The Average Sale Price for December 2025 of, $596,400 is up $18,100. from last year /December 2024’s $578,300, and down $3,300 from the previous month/Nov’s $599,700.
- The “Median Sale Price” (the price smack dab in the middle of all sales) in December 2025 of $535,000 is up $10,000 from December 2024’s $525,000, & unmoved from the previous month’s $535,000.
LAKE OSWEGO: (Month of December ’25)
259 Active Listings (Nov 338) Dec 2024: 204
42 New Listings (Nov 71) Dec 2024: 46
53 Pending Sales (Nov 85) Dec 2024: 55
81 Closed Sales (Nov 65) Dec 2024: 80
Average Sale Price for December: $1,110,300 (Nov $1,032,700) Dec 2024: $937,000
NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
102 Days on the Market (Nov 81) Dec 2024: 97
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)