As of November 2026, Oregon's housing market is holding its prices but losing speed: RMLS reported a Portland-metro median sale price of $545,000 in October 2026, up 0.9% from a year earlier, while pending sales fell 20.2% and inventory rose to 4.3 months [2]. Statewide, Realtor.com counted 18,124 active listings in October, up 8.8% from a year earlier, with a median list price of $549,900, down 2.5% [5]. Mortgage rates eased to 7.18% on November 5, but they are still about a point higher than last fall [1].
If you own a home in Portland, Salem, Eugene, Bend, or Medford, the October numbers tell a consistent story. Prices are close to flat almost everywhere, buyers are signing fewer contracts, and homes are taking longer to sell. This update pulls together the first October 2026 reports from the multiple listing services (MLSs) that cover the Portland metro, Lane County, the Willamette Valley and the Oregon coast. It adds the latest Realtor.com, Redfin, FHFA, and state forecast data and explains what it all means if you plan to sell this winter.
Data as of November 7, 2026. Figures cover RMLS October 2026 Market Action reports (Portland metro, Lane County, the North Coast, Coos, Curry, Douglas, and Mid-Columbia areas); the Willamette Valley MLS October 2026 report (12 months to date); Realtor.com October 2026 inventory data; the Freddie Mac survey of November 5, 2026; Redfin September 2026 data; Rogue Valley third-quarter 2026 statistics; FHFA's second-quarter 2026 price index; and the Oregon Office of Economic Analysis forecast released August 26, 2026. Central Oregon's October report and Redfin's October data had not been published when this was written.
What Is the Oregon Housing Market Doing in November 2026?
Oregon's market is in a slow, balanced phase rather than a downturn. Prices are steady, but the number of buyers signing contracts has dropped sharply since summer, and listings are piling up into the off-season.
The clearest statewide signal is supply. Realtor.com's October data shows 18,124 active listings in Oregon, 8.84% more than in October 2025 and the fourth straight month of faster year-over-year growth (up from 1.64% in July, 5.01% in August and 6.86% in September). The typical Oregon listing spent 79 days on the market in October, up from 72 days in September. The median list price was $549,900, essentially unchanged from September and 2.5% lower than a year earlier. Realtor.com also counted 6,976 Oregon listings with a price reduction during October [5].
Closed-sale prices are holding better than asking prices. Redfin's most recent statewide figures, for September 2026, put Oregon's median sale price at $504,949, up 1.0% from a year earlier, with 3,772 homes sold (down 5.4%), a median of 44 days on market, and 22.9% of homes taking a price drop, up 1.3 points from a year earlier [7]. Redfin's October state figures were not yet posted on November 7.
Longer-term price growth has stalled. FHFA's second-quarter 2026 state rankings showed Oregon home values up only 0.29% over the past year, 47th among the 50 states and the District of Columbia, and up 15.84% over five years [10].
How Did Portland-Metro Home Sales Do in October 2026?
RMLS's October 2026 Market Action report for the Portland metro is the first big October data set for Oregon, and it shows a sharp slowdown in activity with steady prices [2]:
- Median sale price: $545,000, unchanged from September and up 0.9% from $540,000 in October 2025.
- Average sale price: $609,900, up 0.6% from a year earlier.
- Pending sales: 1,587, down 20.2% from October 2025 and down 9.8% from September.
- Closed sales: 1,622, down 21.5% from a year earlier.
- New listings: 2,077, down 12.2% from a year earlier.
- Inventory: 4.3 months, up from 3.1 months in October 2025 and 4.2 months in September.
- Total market time: 67 days, down from 68 in September and 69 a year earlier.
For the first ten months of 2026, metro closed sales (18,653) are down just 0.5%, and the year-to-date median ($549,000) is down 0.2%. So 2026 as a whole has been close to 2025. The change is in the last few months, as rates rose above 7% and buyers stepped back.
The slowdown is uneven across the metro. Compared with October 2025, pending sales fell 40.1% in the Tigard/Wilsonville area, 32.1% in northwest Washington County, 31.3% in North Portland and 31.2% in Beaverton/Aloha. Pending sales actually rose 5.5% in Lake Oswego/West Linn and 10.5% in Columbia County [2]. October median prices on RMLS's area map ranged from $775,000 in Lake Oswego/West Linn and $644,800 in West Portland to $507,500 in Beaverton/Aloha and Southeast Portland, $480,000 in the Gresham/Troutdale/Sandy area, and $415,500 in Columbia County [2].
Salem, Eugene and the Willamette Valley: Are Prices Holding?
Mostly, yes. But homes in the valley are taking longer to sell than they did last year.
Eugene and Lane County. RMLS reported a Lane County median sale price of $439,000 in October 2026, down 2.0% from $448,000 a year earlier. Pending sales fell 22.0% and closed sales fell 23.1%, even though new listings rose 9.7%. Inventory climbed to 3.8 months from 2.5 months a year ago, and total market time was 64 days. The county's year-to-date median is unchanged at $445,000 [3]. FHFA's second-quarter index showed the Eugene-Springfield metro up 3.95% over the past year, the strongest of Oregon's large metros [10].
Salem, Keizer, Corvallis and Albany. The Willamette Valley MLS October 2026 report covers the 12 months through October. Salem recorded 2,068 sales at an average price of $494,469, with homes averaging 94 days on market and 653 active listings. Keizer had 300 sales averaging $484,223. Corvallis had 486 sales averaging $644,584 (93 days, 181 active). Albany had 760 sales averaging $469,630 (94 days, 191 active) [4]. Redfin's latest Salem figures, for the three months ending September 2026, showed a median sale price of $454,778, up 2.2% from a year earlier, with homes selling in about 58 days versus 53 a year earlier [8]. FHFA's second-quarter index had the Salem metro down 0.22% and the Albany metro down 0.81% from a year earlier [10].
What About Bend, Medford and Southern Oregon?
October MLS reports for Central and Southern Oregon were not yet out on November 7, so these figures are the most recent available.
Bend and Central Oregon. Realtor.com's October data for the Bend-Redmond metro shows a median list price of $695,000, down from $699,900 in September, with active listings 6.6% higher than a year earlier [6]. Redfin's Bend figures for the three months ending September put the median sale price at $699,667, down 2.0% from a year earlier, with homes selling in about 42 days [8]. FHFA's second-quarter index had Bend up just 0.65% over the past year [10]. For September figures on Bend, Redmond and the rest of Deschutes, Crook and Jefferson counties, see our earlier Oregon metro update.
Medford and the Rogue Valley. The Rogue Valley Association of REALTORS® reported a Jackson County median existing-home price of $429,500 for July through September 2026, up 3.5% from a year earlier. Sales slipped to 550 from 575, and active listings at the end of September were up 15.3% (985 versus 854). In Medford, the 97504 ZIP code's median rose 6.0% to $461,295, while 97501 dipped 1.4% to $365,000 [9]. Realtor.com's October data shows Medford-metro active listings up 4.8% from a year earlier [6]. Redfin's Medford median for the three months ending September was $420,600, up 0.1% [8]. FHFA had the Medford metro up 3.87% in the second quarter [10]. Our Medford and Rogue Valley update covers Ashland, Central Point and Grants Pass in more detail.
How Is the Oregon Coast and Rural Oregon Market?
Coastal and rural markets have the most supply, and in several areas buyers have even more leverage than in the cities. RMLS's October 2026 reports show [3]:
- North Coast (including Astoria, Seaside and Cannon Beach): median $540,000, up 0.9% from a year earlier. Pending sales fell 19.1%, total market time rose to 113 days, and inventory was 5.8 months. RMLS notes it is a supplementary MLS on the North Coast, so these figures do not capture every sale.
- Coos County: median $334,000, up 2.1%. Pending sales rose 9.0%, with 5.2 months of inventory.
- Curry County: median $377,500, down 1.9%. Pending sales fell 28.3%, inventory was 8.5 months, and market time was 149 days.
- Douglas County (Roseburg area): median $300,000, down 10.3%. Pending sales fell 28.0% and inventory rose to 7.4 months.
- Mid-Columbia (including Hood River and The Dalles): median $500,000, up 0.9%. Pending sales fell 28.4% and inventory was 5.6 months.
Monthly medians in small markets swing on a handful of sales, so treat any single month as a rough guide and compare it with the year-to-date trend before pricing a coastal or rural home.
Where Are Mortgage Rates, and What Does the State Forecast Say?
Rates are the main reason buyers have pulled back. Freddie Mac's Primary Mortgage Market Survey showed the 30-year fixed rate averaging 7.18% on November 5, 2026, its third straight weekly decline, down from 7.24% a week earlier but up from 6.22% a year ago. The 15-year fixed averaged 6.57% [1]. By our rounded math, principal and interest on a $400,000 30-year loan is about $2,710 a month at 7.18%, compared with about $2,455 at 6.22%. That is roughly $255 more a month for the same loan. Freddie Mac's next weekly reading is November 12.
RMLS's quarterly affordability index for the Portland metro, which assumes 20% down and a 6.7% rate, found that a family earning the HUD median income of $128,300 could afford about 95% of the payment on a median-priced home [2]. At 7.18%, that payment would be higher still.
The state's economists flagged the same risk. The Oregon Office of Economic Analysis forecast released August 26, 2026, warned that "a higher cost of financing consumption and investment poses a material risk to the medium-term outlook, particularly for interest-sensitive sectors such as housing." Its baseline calls for the FHFA Oregon home price index to rise just 0.4% in 2026 and 2.2% in 2027, and it puts the odds of a moderate recession at 16% [11]. OEA issues forecasts four times a year, and the next one is expected in December.
What This Means If You're Selling an Oregon Home This Winter
Price to the October Market, Not the Spring One
With Oregon listings up almost 9% from a year earlier and pending sales down about 20% in both the Portland metro and Lane County [2][3][5], buyers have choices. Base your list price on sales that closed in the last 60 to 90 days in your neighborhood, not on spring comparables or online estimates. Our guide to pricing your Oregon home right walks through the process.
Expect Longer Timelines Outside the Core
Portland's market time is about 67 days, but Lane County inventory has risen to 3.8 months, and coastal and rural areas such as Curry and Douglas counties are at 7 to 8.5 months of supply [2][3]. If you need to close by a certain date, especially if you are also buying, build in extra time and decide in advance how you will handle a slow first few weeks.
Be Ready to Negotiate
More than one in five Oregon homes took a price drop in September [7], and with rates above 7% [1], expect some buyers to ask for help with closing costs or a rate buydown. Decide ahead of time which credits or repairs you would accept. Our posts on negotiating home sale offers and seller concessions and rate buydowns cover the options. Under current rules, a buyer's agent's pay is set in the buyer's written agreement with their agent and may come up as a request in the offer, which you can accept, counter or decline.
Keep More of Your Equity When Prices Are Flat
When prices are not rising, selling costs come straight out of your equity. On the Portland-metro October median of $545,000, a traditional 3% listing commission is about $16,350. A Flat Fee MLS listing at $199 to $1,099 would save roughly $15,251 to $16,151 of that listing-side cost. Our top Discount Full Service tier ($999 + 0.5%) would come to about $3,724, a savings of about $12,626. On Lane County's $439,000 median, 3% is about $13,170. Run your own numbers with our savings calculator.
What This Means If You're Buying in Oregon
Buyers have more leverage than a year ago in many parts of the state. Inventory is up, listings are sitting longer, and the Portland suburbs, Lane County, and the coast all recorded fewer accepted offers in October than a year earlier [2][3]. That can mean room to ask for repairs, closing-cost help, or a seller-paid rate buydown. Get pre-approved first, since rates are still above 7% [1]. If you want an agent on your side for the contract and negotiation, our flat-fee buyer representation service pairs you with a Realty Net, LLC buyer's agent for a fixed fee instead of a percentage.
How By Owner Oregon Can Help
By Owner Oregon, brokered by Realty Net, LLC, has helped Oregon homeowners sell since 2001, with 4,700+ homes sold. In a slower market, the right level of help depends on how hands-on you want to be:
- Flat Fee MLS ($199–$1,099): your home goes on the MLS that serves your area, and you handle showings and offers.
- Agent Assist ($499–$1,099, plus $700 at closing): adds licensed broker coaching on pricing, offers, and negotiation.
- Discount Full Service: $299 + 1%, $599 + 0.75%, or $999 + 0.5% for full broker representation.
There is no compliance fee at closing on any package. SellerHQ™ with BuyerLink™ is built into every By Owner Oregon package, so buyer calls from Zillow and Realtor.com reach you and you can manage showings and offers in one place. Compare packages and pricing to see which fits your sale.
Frequently Asked Questions
Are home prices dropping in Oregon in November 2026?
Mostly not on closed sales. RMLS put the Portland-metro October 2026 median at $545,000, up 0.9% from a year earlier, and Redfin's September statewide median was $504,949, up 1.0%. Asking prices are softer: Realtor.com's October Oregon median list price was $549,900, down 2.5%, and Lane County's median slipped 2.0%.
Is it a buyer's or seller's market in Oregon right now?
It is closer to balanced and tilting toward buyers. Portland-metro inventory rose to 4.3 months in October, and pending sales fell about 20% in both the metro and Lane County. Coastal and rural counties such as Curry and Douglas have 7 to 8.5 months of supply, which gives buyers more negotiating room.
How long does it take to sell a house in Oregon?
It depends on the area. RMLS reported 67 days of total market time in the Portland metro and 64 days in Lane County in October 2026. Realtor.com's median for Oregon listings was 79 days. Coastal markets ran longer, with 113 days on the North Coast and 149 days in Curry County.
What are mortgage rates in Oregon in November 2026?
Freddie Mac's national survey showed the 30-year fixed rate averaging 7.18% on November 5, 2026, down from 7.24% the week before but up from 6.22% a year earlier. Freddie Mac reports national averages, and your own rate depends on credit, down payment, loan type, and points, so compare several lenders.
Should I sell my Oregon home now or wait until spring 2027?
If you need to move, you can sell this winter, but price for today's buyers from day one. Rising inventory means overpriced homes sit. The state's August forecast expects Oregon prices to rise only 0.4% in 2026 and 2.2% in 2027, so waiting may not bring a big price gain.
How much can I save selling with a flat fee MLS listing in Oregon?
On the Portland-metro October 2026 median of $545,000, a 3% listing commission is about $16,350. By Owner Oregon's Flat Fee MLS packages cost $199 to $1,099, saving roughly $15,251 to $16,151 on the listing side. Buyer's agent pay is handled separately through the buyer's agreement and any request in the offer.
Market data changes quickly. The figures above come from the sources below for the periods shown. Small-market monthly medians can swing on a few sales, and the payment and savings examples are rounded illustrations, not loan quotes or valuations. This article is general information, not financial, legal or tax advice.
Sources
- Freddie Mac, Primary Mortgage Market Survey, rates as of November 5, 2026: freddiemac.com/pmms
- RMLS, Market Action Report, Portland Metro, October 2026 reporting period (accessed November 7, 2026): rmlsweb.com
- RMLS, Market Action Report, All Areas (Lane County, North Coastal Counties, Coos, Curry, Douglas, Mid-Columbia), October 2026 reporting period (accessed November 7, 2026): rmlsweb.com
- Willamette Valley Multiple Listing Service, "Willamette Valley Report," October 2026 (12 months to date; published November 3, 2026): wvmls.com
- Realtor.com, Housing Inventory Core Metrics, Oregon, October 2026 data (updated November 5, 2026), via FRED, Federal Reserve Bank of St. Louis: active listings, active listings year over year, median listing price, median listing price year over year, median days on market, price-reduced count
- Realtor.com, Housing Inventory Core Metrics, Bend-Redmond and Medford metros, October 2026 data (updated November 5, 2026), via FRED: Bend-Redmond median listing price, Bend-Redmond active listings year over year, Medford active listings year over year
- Redfin, Oregon Housing Market (September 2026 data, accessed November 7, 2026): redfin.com
- Redfin, city housing market pages for Salem, Bend and Medford (three months ending September 2026, accessed November 7, 2026): Salem, Bend, Medford
- Rogue Valley Association of REALTORS® / Southern Oregon MLS, "Jackson County Residential Statistics as of September 30, 2026" (July 1–September 30, 2026): rvar.realtor
- Federal Housing Finance Agency, FHFA HPI Summary Tables, state and metropolitan area indexes, 2026 Q2: fhfa.gov
- Oregon Department of Administrative Services, Office of Economic Analysis, "Oregon Economic and Revenue Forecast," released August 26, 2026: oregon.gov
