Market Action Reports

PORTLAND METRO - August 2024

New Listings New listings (2,669) decreased 8.7% from the 2,923 listed in August 2023, and decreased 8.1% from the 2,905 listed in July 2024.

Pending Sales Pending sales (2,052) decreased 0.0% from the 2,053 offers accepted in August 2023, and decreased 6.3% from the 2,191 offers accepted in July 2024.

Closed Sales Closed sales (1,957) decreased 9.2% from the 2,155 closings in August 2023, and decreased 5.7% from the 2,075 closings in July 2024.

Inventory and Time on Market Inventory increased to 3.0 months in August. Total market time increased to 48 days.

Year-to-Date Summary Comparing the first eight months of 2024 to the same period in 2023, new listings (22,008) increased 1.4%, pending sales (15,564) decreased 0.9%, and closed sales (14,526) decreased 0.6%.

Average and Median Sale Prices Comparing 2024 to 2023 through August, the average sale price has increased 1.9% from $600,500 to $611,900. In the same comparison, the median sale price has increased 1.9% from $534,900 to $545,000.

Information ©RMLS 2024

SW WASHINGTON - February 2023

New Listings New listings (461) decreased 45.2% from the 842 listed in February 2022, and decreased 13.8% from the 535 listed in January 2023.

Pending Sales Pending sales (500) decreased 34.0% from the 758 offers accepted in February 2022, and decreased 2.0% from the 510 offers accepted in January 2023.

Closed Sales Closed sales (388) decreased 31.6% from the 567 closings in February 2022, and increased 22.4% from the 317 closings in January 2023.

Inventory and Time on Market Inventory decreased to 1.8 months in February. Total market time increased to 72 days.

Year-to-Date Summary Comparing the first two months of 2023 to the same period in 2022, new listings (998) decreased 35.3%, pending sales (999) decreased 30.1%, and closed sales (716) decreased 36.1%.

Average and Median Sale Prices Comparing 2023 to 2022 through February, the average sale price has decreased 1.5% from $560,200 to $552,000. In the same comparison, the median sale price has decreased 1.2% from $506,000 to $499,900.