In December 2024, there were 1,068 new listings in the Portland, Oregon metro area, which is a 4.1% increase from the 1,026 listed in December 2023, and a decrease of 26.8% from the 1,459 listed in November 2024.
1,326 pending sales last month increased 1.3% from the 1,309 offers accepted in December 2023, and decreased 16.2% from the 1,582 offers accepted the previous month in November 2024.
Closed sale count of 1,534 this past December was an increase of 15.3% from the 1,330 closings last year in December 2023, and a decrease of 8.7% from the 1,681 closings last month in November 2024.
Inventory decreased to 2.7 months in December 2024. Total market time increased to 74 days, with the average home sale price of $578,300, and a median home sale price of $525,000.
For more information or to discuss your plans to buy or sell a home in the Portland, Oregon metro area, contact our team today!