Portland Oregon Real Estate Market Report: August 2024
Portland Oregon Residential Highlights
New Real Estate Listings
New listings (2,669) decreased 8.7% from the 2,053 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 the Market
Inventory increased to 3.0 months in August. Total market time increased to 48 days.
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.
