Happy February! Here is your look at the greater Portland area calculated for the previous month with Lake Oswego broken out at the bottom. ***Be sure to check out the Neighborhoods Report below which categorizes areas of the metro into smaller pieces.
Well…there is a lot happening here. In the overall Portland area, January prices dropped by similar amounts to how much they rose last year at the same time…up then $28,000 & now down $35,000 from the years prior (Jan 2024 & 2025), and up then $22,000 to down now $28,000 from the months prior (Dec 2024 & Dec 2025). The number of New Listings just rose an incredible 109.9% from December. I believe a lot of people took their homes off the market during the holidays and are putting them back on now, and from the 38.4% rise in Pending sales from Dec’25 to Jan ‘26 it appears Buyers are out taking advantage of the way prices are right now.
***Lake Oswego is one of the few areas of exception with steadily increasing home values over the last 3 months.
Rates: “Muted inflation numbers are helping the bond markets. Fixed rates are in the upper 5% range currently.” Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources
- There were 2,109 New Listings in January which decreased 4.4% from the 2,205 in Jan 2025, & increased an unheard-of 109.9% from the 1,005 in the previous month/Dec.
- At 1,111 January 2026’s Closed Sales (Solds) are down 8.4% from Jan 2025’s 1,213, and down 32.0% from the previous month’s total of 1,633.
- At 1,708 January’s Pending Sales (Accepted Offers) are down 0.6% from Jan 2025’s 1,326, and up a substantial 38.4% from the previous month/December’s total of 1,234 Accepted Offers.
- The Average Sale Price for January 2025 of, $568,000 is down $32,300. from last year /January 2025’s $600,300, and down $28,400 from the previous month/Dec’s $596,400.
- The “Median Sale Price” (the price smack dab in the middle of all sales) in January 2025 of $510,000 is down $27,000 from January 2025’s $537,000, & down $25,000 from the previous month’s $535,000.
LAKE OSWEGO: (Month of December ’25)
293 Active Listings (Dec 259)
128 New Listings (Dec 42)
80 Pending Sales (Dec 53)
49 Closed Sales (Dec 81)
Average Sale Price for January: $1,147,200 (Dec $1,110,300)
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.
140 Days on the Market (Dec 102)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)