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Portland Metro Real Estate Market Update for June 2022

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

In June 2022, there were 4,295 new listings, which is a 0.1% decrease from the 4,298 listed in June 2021, and an increase of 11.5% from the 3,853 listed in May 2022.

2,563 pending sales last month show a 27.5% decrease from the 3,534 offers accepted in June 2021, and a decrease of 17.9% from the 3,122 offers accepted the previous month in May 2022.

Closed sale count of 2,893 this June was a decrease of 16.8% from the 3,477 closings last year in June 2021, and a decrease of 0.8% from the 2,916 closings last month in May 2022.

Inventory increased to 1.4 months in June 2022. Total market time remained steady at 18 days, with the average home sale price decreasing to $633,300, and a median home sale price of $570,000.

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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