Portland Oregon Real Estate Market Report: July 2024
Portland Oregon Residential Highlights
New Real Estate Listings
New listings (2,905) increased 0.2% from the 2,899 listed in July 2023 and decreased 4.6% from the 3,044 listed in June 2024.
Pending Sales
Pending sales (2,191) increased 2.1% from the 2,145 offers accepted in July 2023 and decreased 1.2% from the 2,217 offers accepted in June 2024.
Closed Sales
Closed sales (2,075) increased 8.5% from the 1,912 closings in July 2023 and decreased 0.3% from the 2,081 closings in June 2024.
Inventory and Time on the Market
Inventory increased to 2.8 months in July. Total market time decreased to 44 days.
Average and Median Sale Prices
Comparing 2024 to 2023 through July, the average sale price has increased 1.9% from $599,300 to $610,700. In the same comparison, the median sale price has increased 2.3% from $532,500 to $545,000.
