Portland Metro Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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© 2026 John L. Scott Real Estate
CURRENT INTEREST RATE
* The data calculated in these columns are 2 months behind the current month. Source: RMLS - Resale only
February 2, 2026 Source: Mortgage News Daily
6.17%
The number of new resale listings remain steady ahead of the Super Bowl weekend. While mid-price inventory remains tight, the number of transactions remained lower compared to this time last year. A higher number of transactions is anticipated in the upcoming months as new resale listing volume builds and home mortgage interest rates remaining in the low 6’s.
February Market Snapshot
Shifting Job Market
Instability in the job market has led some buyers to move more cautiously. Even so, mid‑to‑upper price ranges pricing remains steady due to limited inventory and continued demand. This dynamic is keeping pricing relatively firm despite softer employment conditions.
Key Market Indicators FEBRUARY 2026 (JANUARY RECAP)