Portland Market Stats - April 19-25, 2024
It seems as though the spring market continues to grow. Pending Sales were up. Closed Sales and Time on market was down but supply of new listings has edged up as Sellers are preparing to make their moves in the summer. We are here to answer your questions!
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RMLS Market Stats - April 12-18, 2024
It seems as though the spring market continues to grow. Pending and Closed Sales were up. Time on market was down. But supply of new listings has decreased. These factors are potentially pointing increasingly to a turn-around to a seller's market although it seems as though there is a downward pressure on prices. We are here to answer your questions!
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RMLS Stats for March 2024
New Listings New listings (2,425) decreased 7.5% from the 2,623 listed in March 2023, and increased 16.3% from the 2,085 listed in February 2024. Pending Sales Pending sales (2,138) increased 2.8% from the 2,079 offers accepted in March 2023, and increased 22.7% from the 1,742 offers accepted in February 2024. Closed Sales Closed sales (1,578) decreased 9.6% from the 1,745 closings in March 2023, and increased 22.9% from the 1,284 closings in February 2024. Inventory and Time on Market Inventory decreased to 2.3 months in March. Total market time increased to 91 days. Year-to-Date Summary Comparing the first three months of 2024 to the same period in 2023, new listings (6,513) increased 1.9%, pending sales (5,189) decreased 3.2%, and closed sales (4,076) decreased 6.1%. Average and Median Sale Prices Comparing 2024 to 2023 through March, the average sale price has increased 2.1% from $567,100 to $578,800. In the same comparison, the median sale price has increased 2.0% from $514,900 to $525,000. For a detailed analysis, click here
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