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Portland Metro Real Estate Market Update for September 2022

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

In September 2022, there were 3,151 new listings, which is a 16.2% decrease from the 3,760 listed in September 2021, and a decrease of 1.8% from the 3,209 listed in August 2022.

2,003 pending sales last month show a 36.8% decrease from the 3,170 offers accepted in September 2021, and a decrease of 20.8% from the 2,530 offers accepted the previous month in August 2022.

Closed sale count of 2,237 this September was a decrease of 29.4% from the 3,167 closings last year in September 2021, and a decrease of 13.3% from the 2,581 closings last month in August 2022.

Inventory increased to 2.2 months in September 2022. Total market time increased to 34 days, with the average home sale price of $598,700, and a median home sale price of $548,000.

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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Nathan was very responsive and professional throughout our selling experience. He was sure we were comfortable and knowledgeable about each step of the process. His team reflected his sense of friendliness and customer service. He is very personable and appreciates the emotional connection individuals have attached when buying and selling their homes.
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