June 2022 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
June Residential Highlights
New listings (4,295) decreased 0.1% from the 4,298 listed in June 2021, and increased 11.5% from the 3,853 listed in May 2022.
Pending sales (2,563) decreased 27.5% from the 3,534 offers accepted in June 2021, and decreased 17.9% from the 3,122 offers accepted in May 2022.
Closed sales (2,893) decreased 16.8% from the 3,477 closings in June 2021, and decreased 0.8% from the 2,916 closings in May 2022.
Inventory and Total Market Time
Inventory increased to 1.4 months in June. Total market time decreased to 18 days.
Year to Date Summary
Comparing the first six months of 2022 to the same period in 2021, new listings (20,546) decreased 3.2%, pending sales (16,018) decreased 12.4%, and closed sales (15,335) decreased 5.8%.
Average and Median Sale Prices
Comparing 2022 to 2021 through June, the average sale price has increased 9.9% from $562,700 to $618,500. In the same comparison, the median sale price has increased 10.0% from $500,000 to $550,000.
