Portland Real Estate Market Update September 2024

New Listings
New listings in the Portland Real Estate Market (2,589) decreased 4.6% from the 2,713 listed in September 2023, and decreased 3.0% from the 2,669 listed in August 2024.

Pending Sales
Pending sales (2,076) increased 14.8% from the 1,809 offers accepted in September 2023, and increased 1.2% from the 2,052 offers accepted in August 2024.

Closed Sales
Closed sales Portland Real Estate Market (1,702) decreased 0.9% from the 1,717 closings in September 2023, and decreased 13.0% from the 1,957 closings in August 2024.

Inventory and Time on Market
Inventory increased to 3.5 months in September. Total market time increased to 55 days.

Year-to-Date Summary
Comparing the first nine months of 2024 to the same period in 2023, new listings (24,639) increased 0.6%,
pending sales (17,451) increased 0.4%, and closed sales (16,336) decreased 0.5%.

Average and Median Sale Prices
Comparing the Portland Real Estate Market 2024 to 2023 through September, the average sale price has increased 2.1% from $599,800 to $612,500. In the same comparison, the median sale price has increased 1.9% from $535,000 to $545,000.

The complete report can be viewed and downloaded by clicking here.