Portland Real Estate Statistics - January 2023 | Sean Z Becker Real Estate

January 2023 Market Action Report

Real Estate Statistics

January 2023 Market Action Report

RMLS Market Action Report – Portland Real Estate Statistics

January Residential Highlights

New listings (1,938) decreased 16.0% from the 2,307 listed in January 2022, and increased 80.6% from the 1,073 listed in December 2022.

Pending sales (1,771) decreased 22.6% from the 2,287 offers accepted in January 2022, and increased 46.8% from the 1,206 offers accepted in December 2022.

Closed sales (1,088) decreased 41.3% from the 1,853 closings in January 2022, and decreased 25.7% from the 1,464 closings in December 2022.

Inventory and Total Market Time

Inventory increased to 2.7 months in January. Total market time increased to 65 days.

Year to Date Summary

Comparing the first month of 2023 to the same period in 2022, new listings (1,938) decreased 16.0%, pending sales (1,771) decreased 22.6%, and closed sales (1,088) decreased 41.3%.

Average and Median Sale Prices

Comparing 2023 to 2022 through January, the average sale price has decreased 9.2% from $586,600 to $532,900. In the same comparison, the median sale price has decreased 4.4% from $512,000 to $489,500.

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

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