August 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
August Residential Highlights
New listings (3,698) decreased 4.8% from the 3,885 listed in August 2020, and decreased 13.3% from the 4,267 listed in July 2021.
Pending sales (3,535) decreased 4.4% from the 3,697 offers accepted in August 2020, and increased 5.4% from the 3,354 offers accepted in July 2021.
Closed sales (3,219) increased 2.2% from the 3,149 closings in August 2020, and decreased 6.4% from the 3,439 closings in July 2021.
Inventory and Total Market Time
Inventory increased to 1.0 months in August. Total market time increased to 23 days.
Year to Date Summary
Comparing the first eight months of 2021 to the same period in 2020, new listings (29,405) increased 7.4%, pending sales (24,960) increased 11.2%, and closed sales (23,142) increased 17.6%.
Average and Median Sale Prices
Comparing 2021 to 2020 through August, the average sale price has increased 18.5% from $481,000 to $570,100. In the same comparison, the median sale price has increased 17.4% from $430,000 to $505,000.
