In July 2024, there were 2,905 new listings in the Portland, Oregon metro area, which is a 0.2% increase from the 2,899 listed in July 2023, and a decrease of 4.6% from the 3,044 listed in June 2024.
2,191 pending sales last month show a 2.1% increase from the 2,145 offers accepted in July 2023, and a decrease of 1.2% from the 2,217 offers accepted the previous month in June 2024.
Closed sale count of 2,075 this past July was an increase of 8.5% from the 1,912 closings last year in July 2023, and a decrease of 0.3% from the 2,081 closings last month in June 2024.
Inventory increased to 2.8 months in July 2024. Total market time decreased to 44 days, with the average home sale price of $622,900, and a median home sale price of $550,000.
For more information or to discuss your plans to buy or sell a home in the Portland, Oregon metro area, contact our team today!