Alexa Stirek, Author at Sean Z Becker Real Estate

January 2021 Market Action Report

RMLS Market Action Report – Portland Real Estate Statistics

January Residential Highlights

New listings (2,579) decreased 6.4% from the 2,754 listed in January 2020, and increased 48.2% from the 1,740 listed in December 2020.

Pending sales (2,496) increased 9.9% from the 2,271 listed in January 2020, and increased 24.6% from the 2,003 offers accepted in December 2020.

Closed sales (1,847) increased 11.1% from the 1,663 listed in January 2020, and decreased 33.8% from the 2,789 closings in December 2020.

Inventory and Total Market Time

Inventory increased to 1.0 months in January. Total market time increased to 44 days.

Year to Date Summary

Comparing the first month of 2021 to the same period in 2020, new listings (2,579) decreased 6.4%, pending sales (2,496) increased 9.9%, and closed sales (1,847) increased 11.1%.

Average and Median Sale Prices

Comparing 2021 to 2020 through January, the average sale price has increased 11.2% from $463,000 to $514,700. In the same comparison, the median sale price has increased 13.3% from $406,000 to $460,000.

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

December 2020 Market Action Report

RMLS Market Action Report – Portland Real Estate Statistics

December Residential Highlights

New listings (1,740) increased 37.0% from the 1,270 listed in December 2019, and decreased 22.3% from the 2,238 listed in November 2020.

Pending sales (2,003) increased 13.0% from the 1,772 offers accepted in December 2019, and decreased 21.7% from the 2,557 offers accepted in November 2020.

Closed sales (2,789) increased 26.0% from the 2,213 closings in December 2019, and increased 1.6% from the 2,745 closings in November 2020.

Inventory and Total Market Time

Inventory decreased to 0.8 months in December, the lowest on RMLSTM record. Total market time decreased to 40 days.

Year to Date Summary

Comparing the twelve months of 2020 to the same period in 2019, new listings (38,442) decreased 5.3%, pending sales (32,849) increased 7.9%, and closed sales (32,031) increased 7.8%.

Average and Median Sale Prices

Comparing 2020 to 2019 through December, the average sale price has increased 7.6% from $459,200 to $494,000. In the same comparison, the median sale price has increased 7.3% from $410,000 to $440,000.

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

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.