Decoding Days on Market: What It Reveals About Portland Real Estate in 2025

In today’s evolving real estate landscape, one of the most telling -- and often misunderstood -- metrics is “Days on Market,” commonly abbreviated as DOM. Understanding DOM can provide meaningful insight into local market conditions, buyer demand, and pricing strategies. So, what exactly does this figure represent? And why is it especially relevant right now for those navigating the Portland and Beaverton area markets?

Let’s delve into the details of what DOM means, how to interpret it, and what you can do with that information - whether you’re buying, selling, or just planning your next move.

What Is “Days on Market”?

"Days on Market" (DOM) refers to the number of days a property remains listed on the Multiple Listing Service (MLS) before it goes under contract. This count begins the moment a listing becomes active and stops when the seller accepts an offer from a buyer.

While it might seem like just another data point, DOM offers valuable insights into a property’s appeal, pricing strategy, and the overall health of the local real estate market.

Why Does DOM Matter to Home Sellers?

For sellers, a high DOM can be a warning sign. Even if your home is in excellent condition, an extended time on the market might lead potential buyers to suspect issues – be it overpricing, location concerns, or other factors. This skepticism can result in fewer showings and lower offers.

Conversely, a low DOM suggests that a property is desirable and priced appropriately. In some Portland and Beaverton neighborhoods, well-marketed homes can go pending within days, especially when there’s pre-listing buzz.

Key takeaway for sellers: The longer your home sits unsold, the more likely you’ll need to adjust the price or offer incentives to attract buyers.

Why Does DOM Matter to Home Buyers?

For buyers, DOM can provide clues about a seller’s motivation. A home that’s been on the market for 90, 60, or even 30 days might indicate a seller who’s more open to negotiation.

However, a longer DOM doesn’t always signify problems. Sometimes, deals fall through due to financing issues or buyer indecision, not because of the property’s condition. An experienced buyer’s agent (like those on our team) can investigate and provide context.

Key takeaway for buyers: Don’t dismiss listings with higher DOM outright - dig deeper to understand the reasons behind the extended market time.

Current DOM Trends in the Portland Metro Area (May 2025)

Understanding local DOM trends can help both buyers and sellers make informed decisions. Here’s a snapshot of the current median DOM in key cities:

• • Portland: 47 days
  • Beaverton: 46 days
  • Tigard: 51 days
  • Hillsboro: 49 days
  • Lake Oswego: 60 days

These figures indicate a balanced market across the region, with properties moving at a steady pace. Notably, these figures are higher than last month, which indicates buyer demand is slowing and inventory is growing. 

Strategic Takeaways for Buyers and Sellers

For Sellers:

• Price Strategically: Overpricing can lead to extended DOM, which may deter potential buyers.
• Enhance Presentation: Invest in professional staging and high-quality photography to make your listing stand out.
• Monitor Local Trends: Stay informed about DOM trends in your specific neighborhood to set realistic expectations.

For Buyers:

• Leverage DOM in Negotiations: A higher DOM might provide room for price negotiations or favorable terms.
• Investigate Extended Listings: Understand why a property has a longer DOM—it might be an opportunity in disguise.
• Act Promptly on New Listings: In areas with low DOM, desirable homes can move quickly.

Days on Market is more than just a statistic; it’s a reflection of market dynamics, buyer behavior, and pricing strategies. In the greater Portland Metro area, understanding DOM can provide a competitive edge, whether you’re buying your first home or selling a long-time residence.

Considering a move? Contact us today. We’re here to guide you through every step of your real estate journey.