Portland Oregon Real Estate Market Report: November 2024
Portland Japanese Garden in early Autumn
Portland Oregon Residential Highlights
New Real Estate Listings
New listings (1,459) decreased 20.2% from the 1,828 listed in November 2023 and decreased 36.1% from the 2,283 listed in October 2024.
Pending Sales
Pending sales (1,582) increased 9.8% from the 1,441 offers accepted in November 2023 and decreased 21.6% from the 2,018 offers accepted in October 2024.
Closed Sales
Closed sales (1,681) increased 25.1% from the 1,344 closings in November 2023 and decreased 14.9% from the 1,975 closings in October 2024.
Inventory and Time on the Market
Inventory increased to 3.0 months in November. Total market time increased to 64 days.
Average and Median Sale Prices
Comparing 2024 to 2023 through November, the average sale price has increased 2.1% from $598,800 to $611,600. In the same comparison, the median sale price has increased 2.3% from $533,000 to $545,000.
