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Portland Metro Real Estate Market Update for October 2022

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

In October 2022, there were 2,513 new listings, which is a 22.2% decrease from the 3,232 listed in October 2021, and a decrease of 20.2% from the 3,151 listed in September 2022.

1,835 pending sales last month show a 42.4% decrease from the 3,187 offers accepted in October 2021, and a decrease of 8.4% from the 2,003 offers accepted the previous month in September 2022.

Closed sale count of 1,955 this October was a decrease of 37.5% from the 3,129 closings last year in October 2021, and a decrease of 12.6% from the 2,237 closings last month in September 2022.

Inventory increased to 2.4 months in October 2022. Total market time increased to 38 days, with the average home sale price of $592,000, and a median home sale price of $537,000.

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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Our agents write often to give you the latest insights on owning a home or property in the Vancouver WA & Portland OR area.

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My wife and I just sold our condo on the Columbia River, after listing it with Nathan Cano at Cano Real Estate. It was on the market for only 6 weeks and we couldn’t be happier. Cano Real Estate has a team approach to selling properties, and it was obvious from the start when great pictures were taken by a member of his staff, and marketed online in a very professional manner. We were expecting our condo to take much longer to sell, but due to Nathan’s marketing approach, we attribute it sellin…
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