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.
Time on Market decreased from 91 in February to 79 days in March. Activity continued to increase in March with increases in Listings, Pending & Closed Sales. Overall prices rose for the metro even as different parts of town rose and others fell from February (such as Gresham, Milwaukie, NW Washington County & Hillsboro). Interestingly enough, when comparing the first 3 months of 2026 to the same in 2025, Average Sale Price decreased by 1.4% and Median Price decreased by 2.8%. Inventory is at 3.0% right now and Buyers are out in force
Rates: “Middle East tensions are pushing up inflation which has driven rates into the mid 6% range.” Gary Boyer, Certified Mortgage Planner, Premier Mortgage Resources
- There were 2,738 New Listings in March which increased 2.7% from the 2,667 in March 2025, & increased 21.2% from the 2,260 in the previous month/Feb.
- At 1,790 March 2026’s Closed Sales (Solds) are up 11.0% from March 2025’s 1,613, and increased a substantial 27.4% from the previous month’s total of 1,405.
- At 2,319 March’s Pending Sales (Accepted Offers) are up 5.5% from March 2025’s 2,199, and up a whopping 27.3% from the previous month/February’s total of 1,821 Accepted Offers.
- The Average Sale Price for March 2026 of, $614,200 is up $16,800. from last year/March 2025’s $597,400, and up $23,600 from the previous month/Feb’s $590,600.
- The “Median Sale Price” (the price smack dab in the middle of all sales) in March 2026 of $543,800 is up $1,800 from March 2025’s $542,000, & up $18,800 from the previous month’s $525,000.
LAKE OSWEGO: (Month of March ’26)
345 Active Listings (Feb 306)
156 New Listings (Feb 144)
105 Pending Sales (Feb 112)
99 Closed Sales (Feb 72)
Average Sale Price for February: $1,065,800 (Feb $960,100)
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.
85 Days on the Market (Feb 96)