Portland Oregon Real Estate Market Report for November 2023

 

New Real Estate Listings in Portland, Oregon

New listings (1,026) decreased 4.4% from the 1,073 listed in December 2022, and decreased 43.9% from the 1,828 listed in November 2023.

Pending Sales

Pending sales (1,309) increased 8.5% from the 1,206 offers accepted in December 2022, and decreased 9.2% from the 1,441 offers accepted in November 2023.

Closed Sales

Closed sales (1,330) decreased 9.2% from the 1,464 closings in December 2022, and decreased 1.0% from the 1,344 closings in November 2023.

Inventory and Time on Market

Inventory decreased to 2.7 months in December. Total market time increased to 60 days.

Year-to-Date Summary

Comparing the twelve months of 2023 to the same period in 2022, new listings (29,689) decreased 18.0%, pending sales (21,363) decreased 20.4%, and closed sales (20,941) decreased 25.2%.

Average and Median Sale Prices

Comparing 2023 to 2022 through December, the average sale price has decreased 2.1% from $610,900 to $598,000. In the same comparison, the median sale price has decreased 3.0% from $548,400 to $532,000.

View All Data and Resources for the Portland Oregon Real Estate Market Report

 
 
 

Schedule a Free Consultation with Us

 

 
Previous
Previous

Don’t Let the Latest Home Price Headlines Confuse You