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Portland Metro Real Estate Market Update for November 2024

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

In November 2024, there were 1,459 new listings in the Portland, Oregon metro area, which is a 20.2% decrease from the 1,828 listed in November 2023, and a decrease of 36.1% from the 2,283 listed in October 2024.

1,582 pending sales last month increased 9.8% from the 1,441 offers accepted in November 2023, and decreased 21.6% from the 2,018 offers accepted the previous month in October 2024.

Closed sale count of 1,681 this past November was an increase of 25.1% from the 1,344 closings last year in November 2023, and a decrease of 14.9% from the 1,975 closings last month in October 2024.

Inventory increased to 3.0 months in November 2024. Total market time also increased to 64 days, with the average home sale price of $615,700, and a median home sale price of $535,000.

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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We had the opportunity to consult Troy Frei regarding the sale of our home after purchasing this home through him, years ago. Troy is very knowledgeable, is an exceptional realtor and detail oriented in his work which led to the quick sale of our home in a week. We found him responsive to our suggestions and his diligent negotiating skills with the buyer was the best part. He gets a five star rating from us and we are very thankful for his assistance.
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