Portland’s September housing numbers look surprisingly resilient but mortgage rates could change the story. Homes are also taking longer to sell. Average days on market increased from 56 days to 62. But here’s where it gets interesting. The median sale price actually increased slightly.

Mortgage rates have moved sharply higher over the past month and the impact on homebuyers is bigger than the change in the rate might suggest. For buyers, that translates directly into higher monthly payments and reduced purchasing power. For sellers, it means the pool of buyers who can afford their home or who perceive their home as a good value, may have changed dramatically in only a matter of weeks.

Rising Median Sales Prices, Shifting Buyer Activity, and What the Data Really Tells Us Lake Oswego's real estate market has seen some interesting developments in 2026. The median sales price has increased, more homes are selling in the $1 million plus price range, and buyers continue to demonstrate that they're willing to negotiate. But what do these numbers actually tell us about the Lake Oswego housing market? To answer that question, we're going beyond the headlines and lo