December 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
December Residential Highlights
New listings (1,599) decreased 8.1% from the 1,740 listed in December 2020, and decreased 28.3% from the 2,229 listed in November 2021.
Pending sales (1,942) decreased 3.0% from the 2,003 offers accepted in December 2020, and decreased 27.0% from the 2,660 offers accepted in November 2021.
Closed sales (2,582) decreased 7.4% from the 2,789 closings in December 2020, and decreased 8.8% from the 2,832 closings in November 2021.
Inventory and Total Market Time
Inventory decreased to 0.6 months in December. Total market time increased to 32 days.
Year to Date Summary
Comparing the twelve months of 2021 to the same period in 2020, new listings (40,531) increased 5.4%, pending sales (35,405) increased 7.8%, and closed sales (35,182) increased 9.8%.
Average and Median Sale Prices
Comparing 2021 to 2020 through December, the average sale price has increased 15.8% from $494,000 to $571,900. In the same comparison, the median sale price has increased 15.7% from $440,000 to $509,000.
