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 into smaller pieces.
Buyers and Sellers are out there doing their thing…just nothing dramatic to report as far as changes from last year or the previous month go. Generally speaking activity is up from last June and down from the month prior. The biggest data point that stands out is the big drop in New Listings from May, but most people aiming for listing their home in spring have already done so, so that makes sense. Now we move into the summer market which is different from spring as people readjust to summer schedules & head out on vacation. Prices are up & down all across metro, but basically not moving by all that much. Inventory continues to rise & summer listings are coming!

Rates: “ ‘Tariff Talk’ continues to weigh heavily on the markets. Right now rates are in the mid 6% range. Gary Boyer, Senior Mortgage Specialist, Directors Mortgage
According to the RMLS Market Action Report for the Portland Metro Area June 2025:
- There were 3,096 New Listings in June which increased a slight 1.7% from the 3,044 in June 2024, and decreased a whopping 15.2% from the 3,651 in the previous month/May.
- At 1,988 June 2025’s Closed Sales (Solds) are down 4.5% from June 2024’s 2,081 and down 1.5% from the previous month’s total of 2,018.
- At 2,267 June’s Pending Sales (Accepted Offers) are up 2.3% from June 2024’s 2,217, and up a are also down 1.4% from the previous month/May’s total of 2,299.
- The Average Sale Price for June 2025 of, $634,400 is down $1,800. from last year/June 2024’s $636,200, and up $10,300 from the previous month/May’s $624,100.
- The “Median Sale Price (the price smack dab in the middle of all sales) in June 2025 of $570,000 is up $5,000 from June 2024’s $565,000, & basically the same/up $500 from the previous month’s $569,500.

LAKE OSWEGO: (Month of June ’25)
442 Active Listings (May 411)
176 New Listings (May 216)
129 Pending Sales (May 110)
94 Closed Sales (May 108)
Average Sale Price for May: $1,023,600 (May $941,700)
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.
69 Days on the Market (May 60)
The data listed above is as reported by the Regional Multiple Listing Service (RMLS)