Oregon Housing Market: Buyers and Sellers See a More Balanced Market

Oregon’s housing market showed signs of slowing in August 2026, with home sales declining from a year earlier while prices remained relatively stable.

According to Oregon REALTORS® market data, the statewide median sales price was approximately $510,000 in August, indicating little overall change in prices compared with the previous year. At the same time, closed sales declined, pointing to a more cautious market for both buyers and sellers.

What This Means for Buyers and Sellers

The market is not moving at the same pace as during the strongest periods of recent years. Buyers may have more time to evaluate properties, while sellers need to pay closer attention to pricing and local competition.

Conditions can vary significantly from one Oregon community to another, so statewide statistics should be viewed as a broad overview rather than a prediction for any individual property.

Regional Differences Matter

Different Oregon markets are experiencing different conditions.

For example, August data for Deschutes County showed a median sales price of approximatel