Skip To Content

Portland Real Estate Market Update for February 2024

Portland Real Estate Market Update for February 2024
Portland Real Estate Market Update for February 2024

In February 2024, there were 2,085 new listings in Portland Metro, which is an 18.2% increase from the 1,764 listed in February 2023, and an increase of 7.4% from the 1,941 listed in January 2024.

1,742 pending sales last month show a 2.3% increase from the 1,703 offers accepted in February 2023, and an increase of 16.8% from the 1,492 offers accepted the previous month in January 2024.

Closed sale count of 1,284 this February was a decrease of 10.5% from the 1,434 closings last year in February 2023, and an increase of 14.6% from the 1,120 closings last month in January 2024.

Inventory decreased to 2.8 months in February 2024. Total market time increased to 89 days, with the average home sale price of $576,900, 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!

Contact Us Now

*
*
*
*

Trackback from your site.

Leave a Reply

*
*

About our blog

Our agents write often to give you the latest insights on owning a home or property in the Vancouver WA & Portland OR area.

Testimonials

My wife and I just sold our condo on the Columbia River, after listing it with Nathan Cano at Cano Real Estate. It was on the market for only 6 weeks and we couldn’t be happier. Cano Real Estate has a team approach to selling properties, and it was obvious from the start when great pictures were taken by a member of his staff, and marketed online in a very professional manner. We were expecting our condo to take much longer to sell, but due to Nathan’s marketing approach, we attribute it sellin…
Dick & Kathy S.