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You are here: Home / Real Estate Market / Portland Real Estate Market Action Report – December 2019

Portland Real Estate Market Action Report – December 2019

Closed sales (2,213) rose 19.9% from the 1,846 closings recorded last year in December 2018 and increased 1.0% compared with the 2,191 closings recorded last month in November 2019 

Pending sales (1,772) increased 10.8% over the 1,599 offers accepted in December 2018, and fell 22.1% short of the 2,274 offers accepted last month in November 2019. 

New listings, at 1,270, increased 1.2% from December 2018 (1,255) and fell 40.0% from November 2019 (2,118). Inventory decreased to 1.8 months this December, while total market time increased to 64 days. 

Comparing 2019 to 2018 through December, the average sales price has increased 1.5% from 452,400 to 459,200. In the same comparison, the median sales price has increased 2.5% from 400,000 to 410,000. 

Comparing 2019 to 2018 through December, the average sales price has increased 1.5% from 452,400 to 459,200. In the same comparison, the median sales price has increased 2.5% from 400,000 to 410,000. 

Filed Under: Portland Local, Real Estate Market

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