September 2022 Market Action Report
RMLS Market Action Report – Portland Real Estate Statistics
September Residential Highlights
New listings (3,151) decreased 16.2% from the 3,760 listed in September 2021, and decreased 1.8% from the 3,209 listed in August 2022.
Pending sales (2,003) decreased 36.8% from the 3,170 offers accepted in September 2021, and decreased 20.8% from the 2,530 offers accepted in August 2022.
Closed sales (2,237) decreased 29.4% from the 3,167 closings in September 2021, and decreased 13.3% from the 2,581 closings in August 2022.
Inventory and Total Market Time
Inventory increased to 2.2 months in September. Total market time increased to 34 days.
Year to Date Summary
Comparing the first nine months of 2022 to the same period in 2021, new listings (30,823) decreased 7.3%, pending sales (22,614) decreased 19.2%, and closed sales (22,752) decreased 13.8%.
Average and Median Sale Prices
Comparing 2022 to 2021 through September, the average sale price has increased 8.2% from $570,200 to $617,000. In the same comparison, the median sale price has increased 8.9% from $505,000 to $550,000.
