In September 2024, there were 2,589 new listings in the Portland, Oregon metro area, which is a 4.6% decrease from the 2,713 listed in September 2023, and a decrease of 3.0% from the 2,669 listed in August 2024.
2,076 pending sales last month increased 14.8% from the 1,809 offers accepted in September 2023, and increased 1.2% from the 2,052 offers accepted the previous month in August 2024.
Closed sale count of 1,702 this past September was a decrease of 0.9% from the 1,717 closings last year in September 2023, and a decrease of 13.0% from the 1,957 closings last month in August 2024.
Inventory increased to 3.5 months in September 2024. Total market time increased to 55 days, with the average home sale price of $617,200, and a median home sale price of $541,000.
For more information or to discuss your plans to buy or sell a home in the Portland, Oregon metro area, contact our team today!