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Portland Real Estate Market Update for September 2023

Portland Real Estate Market Update for September 2023
Portland Real Estate Market Update for September 2023

In September 2023, there were 2,713 new listings in Portland Metro, which is a 13.9% decrease from the 3,151 listed in September 2022, and a decrease of 7.2% from the 2,923 listed in August 2023.

1,809 pending sales last month show a 9.7% decrease from the 2,003 offers accepted in September 2022, and a decrease of 11.9% from the 2,053 offers accepted the previous month in August 2023.

Closed sale count of 1,717 this September was a decrease of 23.2% from the 2,237 closings last year in September 2022, and a decrease of 20.3% from the 2,155 closings last month in August 2023.

Inventory Increased to 2.9 months in September 2023. Total market time increased to 41 days, with the average home sale price of $595,900, and a median home sale price of $537,400.

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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