Monthly luxury market report
Luxury Market Report
October 2026 edition Data through September 2026
This report takes a monthly look at the premium end of the markets Paul Knighton serves: the Portland Metro area in Oregon and Idaho's Treasure Valley. Every figure is cited from local MLS-based reporting, RMLS for Portland Metro and Intermountain MLS (IMLS) for Idaho, and focused on the price tiers where luxury buyers and sellers make their moves.
Monthly market reports: Market Report Market Data 2027 Outlook Luxury Report Salem Snapshot
RMLS-based market reporting · September 2026
Portland Metro, Oregon
The metro's premium tier leads the state's largest housing market. These figures come from RMLS Market Action reporting for the Portland Metro area, with premium submarket detail from the most recent published reports.
Median sale price
$545,000
flat year over year, September 2026
Closed sales, average market time, and inventory figures for the premium tier are part of the full monthly tables on the market data hub. Full market data .
Premium submarkets lead the metro
Lake Oswego and West Linn led the Portland Metro area with a median sale price around $930,000 in August 2026 RMLS data, the highest values across the metro.
Source: RMLS Market Action, August 2026
The trend to watch: longer market times
Homes are taking longer to sell as the year has progressed, with average days on market climbing month to month through the summer. For premium buyers, that adds negotiating room. For sellers, it argues for deliberate, comparable-based pricing from day one.
IMLS-based reporting · September 2026
Treasure Valley, Idaho
Idaho's Treasure Valley keeps its fast pace at every price point, and the premium tier is running ahead of the overall market. These figures come from Intermountain MLS (IMLS) reporting for September 2026.
Median sale price
$514,000
up 3.7% year over year, September 2026
Closed sales, median days on market, and close-to-asking figures for the premium tier are part of the full monthly tables on the market data hub. Full market data .
The $1 million tier is outperforming
The luxury segment closed 150 sales over $1 million in September, up 20% year over year. The premium tier is outperforming the overall Treasure Valley market.
Source: Intermountain MLS (IMLS), September 2026
Speed still wins in the premium tiers
Tight inventory in the premium tiers and fast market times mean well-priced luxury homes in Ada and Canyon counties are still moving quickly. Preparation and decisive offers matter more than waiting for the right moment.
Source: Intermountain MLS (IMLS), September 2026
Paul's take
Takeaways for luxury buyers and sellers
Two markets, two different paces, one standard: priced on data, negotiated to protect your bottom line, and communicated in plain language.
For sellers
Pricing deliberately and staging to the premium segment matter, especially in Portland Metro, where market times are lengthening and buyers have more to compare. In the Treasure Valley, the $1 million and up tier is active, so a sharply priced listing can still draw quick activity.
For buyers
Portland Metro's premium submarkets, from Lake Oswego to West Linn, offer more time and more negotiating room. The Treasure Valley's luxury tier demands decisiveness: with fast market times and limited supply, well-priced homes move before buyers have time to deliberate.
Source and method
Portland Metro figures come from RMLS Market Action reporting for September 2026, with the Lake Oswego and West Linn submarket figure from August 2026 RMLS data, the most recent published. Treasure Valley figures come from Intermountain MLS (IMLS) reporting for September 2026. Paul is a broker member of RMLS, IMLS, WVMLS, LCMLS, SOMLS, COAR, and Tillamook MLS. Every figure on this page comes from local MLS reporting; no aggregator sources are used, and figures are as published and can be revised as more closings record. This is the first edition of the report (October 2026); the page is refreshed monthly with the newest local MLS figures.
Fair housing statement
These statistics describe homes and sale prices, never people. Every home is offered to all qualified buyers without regard to race, color, religion, sex, national origin, disability, or family status. Paul Knighton, MORE Realty, supports fair housing and equal opportunity in Oregon and Idaho.
Want the premium-tier read on your market?
Whether you are pricing a listing or weighing an offer in the luxury tier, Paul will walk you through the current comparables and the right strategy for your timeline.