July 2021 Market Action Report

Real Estate Statistics

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.

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

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