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

Portland Real Estate Market Action Report – November 2019

Closed sales (2,191) rose 2.2% from the 2,144 closings recorded last year in November 2018 and decreased 15.3% compared with the 2,588 closings recorded last month in October 2019.

Pending sales (2,274) increased 19.4% over the 1,904 offers accepted in November 2018, and fell 11.7% short of the 2,575 offers
accepted last month in October 2019.

New listings, at 2,118, decreased 8.3% from November 2018 (2,310) and fell 30.9% from October 2019 (3,064). Inventory stayed at 2.4 months this November, while total market time increased to 60 days

Comparing 2019 to 2018 through November, the average sales price has increased 1.4% from 453,100 to 459,300. 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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