Portland Oregon Real Estate Market Report: June 2024
Portland Oregon Residential Highlights
New Real Estate Listings
New listings (3,044) decreased 7.7% from the 3,298 listed in June 2023 and decreased 13.2% from the 3,508 listed in May 2024.
Pending Sales
Pending sales (2,217) decreased 2.4% from the 2,272 offers accepted in June 2023 and decreased 6.2% from the 2,363 offers accepted in May 2024.
Closed Sales
Closed sales (2,081) decreased 0.2% from the 2,085 closings in June 2023 and decreased 2.8% from the 2,140 closings in May 2024.
Inventory and Time on the Market
Inventory increased to 2.6 months in June. Total market time decreased to 46 days.
Average and Median Sale Prices
Comparing 2024 to 2023 through June, the average sale price has increased 2.0% from $595,700 to $607,800. In the same comparison, the median sale price has increased 2.3% from $530,000 to $542,000.
