April 2022 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
April Residential Highlights
New listings (3,684) decreased 9.4% from the 4,065 listed in April 2021, and increased 4.6% from the 3,521 listed in March 2022.
Pending sales (3,005) decreased 11.6% from the 3,400 offers accepted in April 2021, and decreased 1.3% from the 3,045 offers accepted in March 2022.
Closed sales (2,782) decreased 5.6% from the 2,946 closings in April 2021, and increased 3.7% from the 2,683 closings in March 2022.
Inventory and Total Market Time
Inventory increased to 0.8 months in April. Total market time decreased to 21 days.
Year to Date Summary
Comparing the first four months of 2022 to the same period in 2021, new listings (12,270) decreased 4.0%, pending sales (10,559) decreased 6.1%, and closed sales (9,408) decreased 0.8%.
Average and Median Sale Prices
Comparing 2022 to 2021 through April, the average sale price has increased 11.3% from $543,900 to $605,600. In the same comparison, the median sale price has increased 11.2% from $484,900 to $539,000.
