09/22/2026
🏢 Condo & Townhome Watch: Buyers Have Options!
Is now a good time to buy a condo or townhome in the Portland area? It could be, especially if you’re prepared to negotiate.
Greater Portland condos and townhomes currently have about 7.1 months of inventory and average 86 days on the market. By comparison, detached homes have approximately 3.8 months of inventory and average 57 days on the market.
Some condo and townhome markets are even softer:
• Beaverton/Hillsboro: 8.1 months
• North Portland: 8.8 months
• NE Portland/Gresham: 8.4 months
• Lake Oswego/West Linn: 9.9 months
What does this mean for buyers?
More inventory may mean more choices, less competition, and greater room to negotiate on price, repairs, closing costs, or a mortgage-rate buydown.
With rates near 7%, renting may cost less each month in the short term. But if you plan to stay for several years, buying can offer the opportunity to build equity.
Not sure which option is right for you? Let’s run the numbers together.
📞 Debra Rhea | 503-312-5728