January 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
January Residential Highlights
New listings (2,579) decreased 6.4% from the 2,754 listed in January 2020, and increased 48.2% from the 1,740 listed in December 2020.
Pending sales (2,496) increased 9.9% from the 2,271 listed in January 2020, and increased 24.6% from the 2,003 offers accepted in December 2020.
Closed sales (1,847) increased 11.1% from the 1,663 listed in January 2020, and decreased 33.8% from the 2,789 closings in December 2020.
Inventory and Total Market Time
Inventory increased to 1.0 months in January. Total market time increased to 44 days.
Year to Date Summary
Comparing the first month of 2021 to the same period in 2020, new listings (2,579) decreased 6.4%, pending sales (2,496) increased 9.9%, and closed sales (1,847) increased 11.1%.
Average and Median Sale Prices
Comparing 2021 to 2020 through January, the average sale price has increased 11.2% from $463,000 to $514,700. In the same comparison, the median sale price has increased 13.3% from $406,000 to $460,000.
