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Portland Real Estate Market Update for December 2023

Portland Real Estate Market Update for December 2023
Portland Real Estate Market Update for December 2023

In December 2023, there were 1,026 new listings in Portland Metro, which is a 4.4% decrease from the 1,073 listed in December 2022, and a decrease of 43.9% from the 1,828 listed in November 2023.

1,309 pending sales last month show a 8.5% increase from the 1,206 offers accepted in December 2022, and a decrease of 9.2% from the 1,441 offers accepted the previous month in November 2023.

Closed sale count of 1,330 this December was a decrease of 9.2% from the 1,464 closings last year in December 2022, and a decrease of 1.0% from the 1,344 closings last month in November 2023.

Inventory decreased to 2.7 months in December 2023. Total market time increased to 60 days, with the average home sale price of $586,800, and a median home sale price of $525,000.

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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We had a great experience with Nathan’s team. We got exactly what we where asking for our home and they sold it in three days. After we sold our home we were trying to purchase a peace of property and they did a great job of negotiations with the seller. Unfortunately there was complications with the appraisal, so we had to find a different place. They stuck with us and helped us find a new lot and now we are in process of getting a home built. Thank you Cano team for a job well done.
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