April 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
April Residential Highlights
New listings (4,065) increased 42.8% from the 2,847 listed in April 2020, and increased 17.3% from the 3,465 listed in March 2021.
Pending sales (3,400) increased 66.6% from the 2,041 offers accepted in April 2020, and increased 1.6% from the 3,346 offers accepted in March 2021.
Closed sales (2,946) increased 46.2% from the 2,015 closings in April 2020, and increased 15.3% from the 2,556 closings in March 2021.
Inventory and Total Market Time
Inventory held steady at 0.8 months in April. Total market time decreased to 27 days.
Year to Date Summary
Comparing the first four months of 2021 to the same period in 2020, new listings (12,778) increased 6.9%, pending sales (11,249) increased 27.3%, and closed sales (9,481) increased 16.2%.
Average and Median Sale Prices
Comparing 2021 to 2020 through April, the average sale price has increased 16.9% from $465,200 to $543,900. In the same comparison, the median sale price has increased 16.8% from $415,100 to $484,900.
