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.
Data courtesy of RMLS Portland
