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Portland Metro Real Estate Market Update for April 2022

Portland Metro Real Estate Market Update for April 2022

In April 2022, there were 3,684 new listings, which is a 9.5% decrease from the 4,065 listed in April 2021, and an increase of 4.6% from the 3,521 listed in March 2022.

3,005 pending sales last month show a 11.6% decrease from the 3,400 offers accepted in April 2021, and a decrease of 1.3% from the 3,045 offers accepted the previous month in March 2022.

Closed sale count of 2,782 this April was a decrease of 5.6% from the 2,946 closings last year in April 2021, and an increase of 3.7% from the 2,683 closings last month in March 2022.

Inventory increased to 0.8 months in April 2022. Total market time decreased to 21 days, with the average home sale price of $632,900, and a median home sale price of $560,000.

For more information about what this market update means for you and your plans to buy or sell a home in the Portland Metro area, contact our team today!

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Our agents write often to give you the latest insights on owning a home or property in the Vancouver WA & Portland OR area.

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I started working with Troy Frei after my father passed in 2019. Troy was introduced to me through one of my brothers-in-law who knew Troy already, when I first started working with him my first impression was that Troy demonstrated significant expertise at his job in the housing industry and his in- depth knowledge and understanding of the rules and laws. Another thing I noticed in Troy was he always displayed compassion with me and my family because this was our family home for so many years. …
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