November 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
November Residential Highlights
New listings (2,229) decreased 0.4% from the 2,238 listed in November 2020, and decreased 31.0% from the 3,232 listed in October 2021.
Pending sales (2,660) increased 4.0% from the 2,557 offers accepted in November 2020, and decreased 16.5% from the 3,187 offers accepted in October 2021.
Closed sales (2,832) increased 3.2% from the 2,745 closings in November 2020, and decreased 9.5% from the 3,129 closings in October 2021.
Inventory and Total Market Time
Inventory decreased to 0.8 months in November. Total market time increased to 27 days.
Year to Date Summary
Comparing the first eleven months of 2021 to the same period in 2020, new listings (38,852) increased 6.1%, pending sales (33,620) increased 8.7%, and closed sales (32,492) increased 11.4%.
Average and Median Sale Prices
Comparing 2021 to 2020 through November, the average sale price has increased 16.1% from $492,000 to $571,100. In the same comparison, the median sale price has increased 16.2% from $438,000 to $508,900.
