October 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
October Residential Highlights
New listings (3,232) decreased 8.1% from the 3,515 listed in October 2020, and decreased 14.0% from the 3,760 listed in September 2021.
Pending sales (3,187) decreased 0.4% from the 3,199 offers accepted in October 2020, and increased 0.5% from the 3,170 offers accepted in September 2021.
Closed sales (3,129) decreased 0.8% from the 3,155 closings in October 2020, and decreased 1.2% from the 3,167 closings in September 2021.
Inventory and Total Market Time
Inventory decreased to 0.9 months in October. Total market time increased to 26 days.
Year to Date Summary
Comparing the first ten months of 2021 to the same period in 2020, new listings (36,558) increased 6.6%, pending sales (31,072) increased 9.0%, and closed sales (29,582) increased 12.5%.
Average and Median Sale Prices
Comparing 2021 to 2020 through October, the average sale price has increased 16.7% from $489,000 to $570,600. In the same comparison, the median sale price has increased 16.4% from $435,000 to $506,500.
