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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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My wife and I bought our first home together in 2007 using Nathan Cano and his team at Cano Real Estate. Buying your first home can be a very exciting time, yet a very nervous time as well. Nathan took very good care of us and did everything he said he was going to. Since then, we’ve sold that home and purchased another home using Nathan and his team in 2012. Again, the process was very smooth and worry free. We currently have our home on the market using Nathan Cano, and so far, the process ha…
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