Alexa Stirek, Author at Sean Z Becker Real Estate

December 2019 Market Action Report

RMLS Market Action Report – Portland Real Estate Statistics

December Residential Highlights

New listings, at 1,270, increased 1.2% from December 2018 (1,255) and fell 40.0% from November 2019 (2,118).

Pending sales (1,772) increased 10.8% over the 1,599 offers accepted in December 2018, and fell 22.1% short of the 2,274 offers accepted last month in November 2019.

Closed sales (2,213) rose 19.9% from the 1,846 closings recorded last year in December 2018 and increased 1.0% compared with the 2,191 closings recorded last month in November 2019.

Inventory and Total Market Time

Inventory decreased to 1.8 months this December, while total market time increased to 64 days.

Year to Date Summary

Comparing the twelve months of 2019 to the same period of 2018, new listings (40,579) have decreased 1.7%, pending sales (30,430) have increased 2.1% and closed sales (29,700) have decreased 0.2%.

Average and Median Sale Prices

Comparing 2019 to 2018 through December, the average sale price has increased 1.5% from $452,400 to $459,200. In the same comparison, the median sale price has increased 2.5% from $400,000 to $410,000.

Read all of the latest Portland real estate market statistics in this month’s RMLS Market Action Report.