Portland Oregon Real Estate Market Report: September 2024
Portland Oregon Residential Highlights
New Real Estate Listings
New listings (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 (1,702) decreased 0.9% from the 1,717 closings in September 2023 and decreased 13% from the 1,957 closings in August 2024.
Inventory and Time on the Market
Inventory increased to 3.5 months in September. Total market time increased to 55 days.
Average and Median Sale Prices
Comparing 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.
