Portland Oregon Real Estate Market Report: January 2024
Metro Portland Oregon Residential Highlights
New Real Estate Listings in Portland, Oregon
New listings (1,941) increased 0.2% from the 1,938 listed in January 2023 and increased 89.2% from the 1,026 listed in December 2023.
Pending Sales
Pending sales (1,492) decreased 15.8% from the 1,771 offers accepted in January 2023 and increased 14.0% from the 1,309 offers accepted in December 2023.
Closed Sales
Closed sales (1,120) increased 2.9% from the 1,088 closings in January 2023 and decreased 15.8% from the 1,330 closings in December 2023.
Inventory and Time on Market
Inventory increased to 3.2 months in January. Total market time increased to 68 days.
Year-to-Date Summary
Comparing the first month of 2024 to the same period in 2023, new listings (1,941) increased 0.2%, pending sales (1,492) decreased 15.8%, and closed sales (1,120) increased 2.9%. Average and Median Sale Prices.
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