Portland Oregon Real Estate Market Report: December 2024
Portland Japanese Garden in early Autumn
Portland Oregon Residential Highlights
New Real Estate Listings
New listings (1,068) increased 4.1% from the 1,026 listed in December 2023 and decreased 26.8% from the 1,459 listed in November 2024.
Pending Sales
Pending sales (1,362) increased 1.3% from the 1,309 offers accepted in December 2023 and decreased 16.2% from the 1,582 offers accepted in November 2024.
Closed Sales
Closed sales (1,534) increased 15.3% from the 1,330 closings in December 2023 and decreased 8.7% from the 1,681 closings in November 2024.
Inventory and Time on the Market
Inventory decreased to 2.7 months in December. Total market time increased to 74 days.
Average and Median Sale Prices
Comparing 2024 to 2023 through December, the average sale price has increased 1.8% from $598,000 to $608,600. In the same comparison, the median sale price has increased 2.1% from $532,000 to $543,000.
