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Portland Metro Real Estate Market Update for August 2022

Portland Metro Real Estate Market Update for August 2022
Portland Metro Real Estate Market Update for August 2022

In August 2022, there were 3,209 new listings, which is a 13.2% decrease from the 3,698 listed in August 2021, and a decrease of 14.7% from the 3,763 listed in July 2022.

2,530 pending sales last month show a 28.4% decrease from the 3,535 offers accepted in August 2021, and an increase of 3.5% from the 2,445 offers accepted the previous month in July 2022.

Closed sale count of 2,581 this August was a decrease of 19.8% from the 3,219 closings last year in August 2021, and an increase of 8.9% from the 2,369 closings last month in July 2022.

Inventory decreased to 1.8 months in August 2022. Total market time increased to 28 days, with the average home sale price of $607,700, and a median home sale price of $548,400.

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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