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Portland Real Estate Market Update for June 2023

Portland Real Estate Market Update for June 2023
Portland Real Estate Market Update for June 2023

In June 2023, there were 3,298 new listings, which is a 23.2% decrease from the 4,295 listed in June 2022, and an increase of 1.8% from the 3,240 listed in May 2023.

2,272 pending sales last month show a 11.4% decrease from the 2,563 offers accepted in June 2022, and a decrease of 4.5% from the 2,379 offers accepted the previous month in May 2023.

Closed sale count of 2,085 this June was a decrease of 27.9% from the 2,893 closings last year in June 2022, and an increase of 3.8% from the 2,008 closings last month in May 2023.

Inventory increased to 2.0 months in June 2023. Total market time decreased to 33 days, with the average home sale price of $626,800, and a median home sale price of $559,900.

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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