Portland Oregon Real Estate Market Report : April 2024
Portland Oregon Residential Highlights
New Real Estate Listings
New listings (3,120) increased 17.6% from the 2,653 listed in April 2023, and increased 28.7% from the 2,425 listed in March 2024.
Pending Sales
Pending sales (2,313) increased 6.9% from the 2,164 offers accepted in April 2023, and increased 8.2% from the 2,138 offers accepted in March 2024.
Closed Sales
Closed sales (1,883) increased 10.3% from the 1,707 closings in April 2023, and increased 19.3% from the 1,578 closings in March 2024.
Inventory and Time on the Market
Inventory increased to 2.4 months in April. Total market time decreased to 83 days.
Year-to-Date Summary
Comparing the first four months of 2024 to the same period in 2023, new listings (9,677) increased 6.5%,pending sales (7,355) decreased 0.6%, and closed sales (6,012) decreased 1.8%.
Average and Median Sale Prices
Comparing 2024 to 2023 through April, the average sale price has increased 2.4% from $577,500 to $591,200. In the same comparison, the median sale price has increased 1.9% from $519,000 to $529,000.
