September 2021 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
September Residential Highlights
New listings (3,760) increased 15.2% from the 3,264 listed in September 2020, and increased 1.7% from the 3,698 listed in August 2021.
Pending sales (3,170) increased 0.6% from the 3,152 offers accepted in September 2020, and decreased 10.3% from the 3,535 offers accepted in August 2021.
Closed sales (3,167) decreased 2.6% from the 3,251 closings in September 2020, and decreased 1.6% from the 3,219 closings in August 2021.
Inventory and Total Market Time
Inventory increased to 1.1 months in September. Total market time increased to 24 days.
Year to Date Summary
Comparing the first nine months of 2021 to the same period in 2020, new listings (33,258) increased 8.3%, pending sales (27,979) increased 9.9%, and closed sales (26,393) increased 14.6%.
Average and Median Sale Prices
Comparing 2021 to 2020 through September, the average sale price has increased 17.5% from $485,200 to $570,200. In the same comparison, the median sale price has increased 16.5% from $433,500 to $505,000.
