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Portland Real Estate Market Update for March 2024

Portland Real Estate Market Update for March 2024
Portland Real Estate Market Update for March 2024

In March 2024, there were 2,425 new listings in Portland Metro, which is an 7.5% decrease from the 2,623 listed in March 2023, and an increase of 16.3% from the 2,085 listed in February 2024.

2,138 pending sales last month show a 2.8% increase from the 2,079 offers accepted in March 2023, and an increase of 22.7% from the 1,742 offers accepted the previous month in February 2024.

Closed sale count of 1,578 this March was a decrease of 9.6% from the 1,745 closings last year in March 2023, and an increase of 22.9% from the 1,284 closings last month in February 2024.

Inventory decreased to 2.3 months in March 2024. Total market time increased to 91 days, with the average home sale price of $590,400, and a median home sale price of $535,000.

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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