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Portland Real Estate Market Update for April 2023

Portland Real Estate Market Update for April 2023
Portland Real Estate Market Update for April 2023

For the Portland, Oregon metro area there were 2,653 new listings in April 2023, which is a 28.0% decrease from the 3,684 listed in April 2022, and an increase of 1.1% from the 2,623 listed in March 2023.

2,164 pending sales last month show a 28.0% decrease from the 3,005 offers accepted in April 2022, and an increase of 4.1% from the 2,079 offers accepted the previous month in March 2023.

Closed sale count of 1,707 this past April was a decrease of 38.6% from the 2,782 closings last year in April 2022, and a decrease of 2.2% from the 1,745 closings last month in March 2023.

Inventory increased to 1.9 months in April 2023. Total market time decreased to 47 days, with the average home sale price of $606,100, and a median home sale price of $530,000.

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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