July 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
July Residential Highlights
New listings (4,267) increased 0.7% from the 4,236 listed in July 2020, and decreased 0.7% from the 4,298 listed in June 2021.
Pending sales (3,354) decreased 8.3% from the 3,656 offers accepted in July 2020, and decreased 5.1% from the 3,534 offers accepted in June 2021.
Closed sales (3,439) increased 1.4% from the 3,391 closings in July 2020, and decreased 1.1% from the 3,477 closings in June 2021.
Inventory and Total Market Time
Inventory increased to 0.9 months in July. Total market time decreased to 20 days.
Year to Date Summary
Comparing the first seven months of 2021 to the same period in 2020, new listings (25,620) increased 9.3%, pending sales (21,543) increased 14.0%, and closed sales (19,820) increased 20.6%.
Average and Median Sale Prices
Comparing 2021 to 2020 through July, the average sale price has increased 19.4% from $475,400 to $567,800. In the same comparison, the median sale price has increased 17.2% from $426,500 to $500,000.
