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Portland Metro Real Estate Market Update for October 2024

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

In October 2024, there were 2,283 new listings in the Portland, Oregon metro area, which is a 3.4% increase from the 2,207 listed in October 2023, and a decrease of 11.8% from the 2,589 listed in September 2024.

2,018 pending sales last month increased 24.2% from the 1,625 offers accepted in October 2023, and decreased 2.8% from the 2,076 offers accepted the previous month in September 2024.

Closed sale count of 1,975 this past October was an increase of 18.3% from the 1,670 closings last year in October 2023, and an increase of 16.0% from the 1,702 closings last month in September 2024.

Inventory decreased to 2.9 months in October 2024. Total market time increased to 57 days, with the average home sale price of $604,200, and a median home sale price of $540,000.

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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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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