Portland Real Estate Statistics - December 2022 | Sean Z Becker Real Estate

December 2022 Market Action Report

Real Estate Statistics

December 2022 Market Action Report

RMLS Market Action Report – Portland Real Estate Statistics

December Residential Highlights

New listings (1,073) decreased 32.9% from the 1,599 listed in December 2021, and decreased 35.6% from the 1,666 listed in November 2022.

Pending sales (1,206) decreased 37.9% from the 1,942 offers accepted in December 2021, and decreased 19.5% from the 1,498 offers accepted in November 2022.

Closed sales (1,464) decreased 43.3% from the 2,582 closings in December 2021, and decreased 9.7% from the 1,621 closings in November 2022.

Inventory and Total Market Time

Inventory decreased to 2.3 months in December. Total market time increased to 55 days.

Year to Date Summary

Comparing the twelve months of 2022 to the same period in 2021, new listings (36,210) decreased 10.7%, pending sales (26,852) decreased 24.2%, and closed sales (27,985) decreased 20.5%.

Average and Median Sale Prices

Comparing 2022 to 2021 through December, the average sale price has increased 6.8% from $571,900 to $610,900. In the same comparison, the median sale price has increased 7.7% from $509,000 to $548,400.

Read all of the latest Portland real estate market statistics in this month’s RMLS Market Action Report.

AUTHOR

SUBSCRIBE

Join our E-Newsletter

CATEGORIES

TAGS