February 2022 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
February Residential Highlights
New listings (2,571) increased 3.9% from the 2,474 listed in February 2021, and increased 11.4% from the 2,307 listed in January 2022.
Pending sales (2,452) increased 11.1% from the 2,208 offers accepted in February 2021, and increased 7.2% from the 2,287 offers accepted in January 2022.
Closed sales (1,939) decreased 2.0% from the 1,978 closings in February 2021, and increased 4.6% from the 1,853 closings in January 2022.
Inventory and Total Market Time
Inventory held steady at 0.8 months in February. Total market time decreased to 35 days.
Year to Date Summary
Comparing the first two months of 2022 to the same period in 2021, new listings (4,912) decreased 3.6%, pending sales (4,670) increased 0.6%, and closed sales (3,832) decreased 1.0%.
Average and Median Sale Prices
Comparing 2022 to 2021 through February, the average sale price has increased 10.5% from $528,500 to $584,100. In the same comparison, the median sale price has increased 10.4% from $470,000 to $519,100.
