June 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
June Residential Highlights
New listings (4,298) increased 17.5% from the 3,658 listed in June 2020, and increased 8.2% from the 3,971 listed in May 2021.
Pending sales (3,534) decreased 3.3% from the 3,654 offers accepted in June 2020, and decreased 4.9% from the 3,717 offers accepted in May 2021.
Closed sales (3,477) increased 28.3% from the 2,709 closings in June 2020, and increased 9.2% from the 3,183 closings in May 2021.
Inventory and Total Market Time
Inventory increased to 0.8 months in June. Total market time decreased to 21 days.
Year to Date Summary
Comparing the first six months of 2021 to the same period in 2020, new listings (21,226) increased 11.1%, pending sales (18,291) increased 18.8%, and closed sales (16,272) increased 25.6%.
Average and Median Sale Prices
Comparing 2021 to 2020 through June, the average sale price has increased 20.1% from $468,500 to $562,700. In the same comparison, the median sale price has increased 18.2% from $423,000 to $500,000.
