Are home prices shifting? If you’re thinking about making a move, understanding the latest real estate trends in Vancouver, WA, Portland, OR and the Mid-Willamette Valley is key to making smart decisions.
In this week’s real estate market update, we’re seeing fewer new listings, a shorter time on market, and some shifts in pricing. But what does this mean for buyers and sellers? Let’s explore the latest numbers and insights!
What’s Happening in the Market?
Here’s a snapshot of what we saw from February 7-13, 2025:
Portland, OR Market Trends
- New listings: Down 16% from last week
- Pending sales: Slight increase of 1.3%
- Closed sales: Up 23.3%
- Days on market: Dropped from 92 days to 72 days
- Median home price: Down 12.2% to $515,000
- Average home price: Down 11.2% to $602,600
Vancouver, WA Market Trends
- New listings: Down 5.4%
- Pending sales: Up slightly at 1.5%
- Closed sales: Down 3.8%
- Days on market: Dropped from 91 days to 69 days
- Median home price: Down 11.3% to $527,500
- Average home price: Down 22.7%
Mid-Willamette Valley Market Trends
- New listings: Down 18.6%
- Pending sales: Up 3.3% (Only market showing a two-week trend of rising pending sales!)
- Closed sales: Up 47.1%
- Days on market: Down 4.9% to 58 days
- Median home price: Up 1.5% to $405,500
- Average home price: Up 10.7% to $419,000
What Does This Mean for You?
For Home Sellers:
- Fewer listings = less competition. If you’re thinking about selling, now is a great time to stand out while inventory remains low.
- Homes are selling faster. With days on market dropping, buyers are acting more quickly.
- Price trends vary by area. While prices have dipped in Vancouver, WA, and Portland, OR the Mid-Willamette Valley is seeing gains—which could indicate a shift coming soon.
For Home Buyers:
- More homes are closing = more competition. Even with fewer listings, buyers are actively purchasing homes.
- Prices are adjusting. Lower prices in Vancouver, WA, and Portland, OR could create opportunities to buy at a better value before the market shifts again.
- Interest rates & timing matter. If you’re waiting for the “perfect” time, keep in mind that homes are selling faster—meaning waiting too long could mean missing out.
What Should You Do Next?
Market trends like these create opportunities—if you know how to navigate them. Whether you’re buying or selling, a strategic plan is key.
✨ Want to maximize your home’s value before selling?
✨ Looking to buy in a neighborhood with strong long-term value?
I’d love to help you strategize your next move! Let’s connect and discuss your real estate goals.
The market is shifting, and the latest trends could impact your next real estate move. Book a complimentary consultation to strategize your best path forward: https://calendly.com/lewisrealtors/30min-seller-phone-consultation
