April 2023 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
April Residential Highlights
New listings (2,653) decreased 28.0% from the 3,684 listed in April 2022, and increased 1.1% from the 2,623 listed in March 2023.
Pending sales (2,164) decreased 28.0% from the 3,005 offers accepted in April 2022, and increased 4.1% from the 2,079 offers accepted in March 2023.
Closed sales (1,707) decreased 38.6% from the 2,782 closings in April 2022, and decreased 2.2% from the 1,745 closings in March 2023.
Inventory and Total Market Time
Inventory increased to 1.9 months in April. Total market time decreased to 47 days.
Year to Date Summary
Comparing the first four months of 2023 to the same period in 2022, new listings (9,086) decreased 25.9%, pending sales (7,403) decreased 29.9%, and closed sales (6,120) decreased 34.9%.
Average and Median Sale Prices
Comparing 2023 to 2022 through April, the average sale price has decreased 4.6% from $605,600 to $577,500. In the same comparison, the median sale price has decreased 3.7% from $539,000 to $519,000.
