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Portland Metro Real Estate Market Update for June 2024

Portland Metro Real Estate Market Update for June 2024
Portland Metro Real Estate Market Update for June 2024

In June 2024, there were 3,044 new listings in the Portland, Oregon metro area, which is a 7.7% decrease from the 3,298 listed in June 2023, and an decrease of 13.2% from the 3,508 listed in May 2024.

2,217 pending sales last month show a 2.4% decrease from the 2,272 offers accepted in June 2023, and a decrease of 6.2% from the 2,363 offers accepted the previous month in May 2024.

Closed sale count of 2,081 this past June was a decrease of 0.2% from the 2,085 closings last year in June 2023, and a decrease of 2.8% from the 2,140 closings last month in May 2024.

Inventory increased to 2.6 months in June 2024. Total market time decreased to 46 days, with the average home sale price of $636,200, and a median home sale price of $565,000.

For more information or to discuss your plans to buy or sell a home in the Portland, Oregon metro area, contact our team today!

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