January 2022 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
January Residential Highlights
New listings (2,307) decreased 10.5% from the 2,579 listed in January 2021, and increased 44.3% from the 1,599 listed in December 2021.
Pending sales (2,287) decreased 8.4% from the 2,496 offers accepted in January 2021, and increased 17.8% from the 1,942 offers accepted in December 2021.
Closed sales (1,853) increased 0.3% from the 1,847 closings in January 2021, and decreased 28.2% from the 2,582 closings in December 2021.
Inventory and Total Market Time
Inventory increased to 0.8 months in January. Total market time increased to 38 days.
Year to Date Summary
Comparing the first month of 2022 to the same period in 2021, new listings (2,307) decreased 10.5%, pending sales (2,287) decreased 8.4%, and closed sales (1,853) increased 0.3%.
Average and Median Sale Prices
Comparing 2022 to 2021 through January, the average sale price has increased 14.0% from $514,700 to $586,600. In the same comparison, the median sale price has increased 11.3% from $460,000 to $512,000.
