November 2021 Market Action Report

Real Estate Statistics

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.

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

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