February 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
February Residential Highlights
New listings (2,474) decreased 10.3% from the 2,759 listed in February 2020, and decreased 4.1% from the 2,579 listed in January 2021.
Pending sales (2,208) decreased 15.0% from the 2,598 offers accepted in February 2020, and decreased 11.5% from the 2,496 offers accepted in January 2021.
Closed sales (1,978) increased 4.3% from the 1,897 closings in February 2020, and increased 7.1% from the 1,847 closings in January 2021.
Inventory and Total Market Time
Inventory held steady at 1.0 months in February. Total market time decreased to 42 days.
Year to Date Summary
Comparing the first two months of 2021 to the same period in 2020, new listings (5,093) decreased 8.1%, pending sales (4,643) decreased 3.1%, and closed sales (3,870) increased 7.0%.
Average and Median Sale Prices
Comparing 2021 to 2020 through February, the average sale price has increased 14.8% from $460,200 to $528,500. In the same comparison, the median sale price has increased 15.3% from $407,500 to $470,000.
