March 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
March Residential Highlights
New listings (3,465) decreased 0.1% from the 3,468 listed in March 2020, and increased 40.1% from the 2,474 listed in February 2021.
Pending sales (3,346) increased 42.6% from the 2,347 offers accepted in March 2020, and increased 51.5% from the 2,208 offers accepted in February 2021.
Closed sales (2,556) increased 8.5% from the 2,356 closings in March 2020, and increased 29.2% from the 1,978 closings in February 2021.
Inventory and Total Market Time
Inventory decreased to 0.8 months in March. Total market time decreased to 37 days.
Year to Date Summary
Comparing the first three months of 2021 to the same period in 2020, new listings (8,630) decreased 4.5%, pending sales (7,930) increased 14.3%, and closed sales (6,488) increased 7.3%.
Average and Median Sale Prices
Comparing 2021 to 2020 through March, the average sale price has increased 16.6% from $461,600 to $538,200. In the same comparison, the median sale price has increased 14.9% from $415,000 to $477,000.
