It’s December and the numbers are in! Here’s your report for the month of December 2020 Portland: The biggest take away from this month was comparing year-over-year there are 5.3% Less new listings on the Portland Market.

DECEMBER RESIDENTIAL HIGHLIGHTS

New listings (1,740) increased 37.0% from the 1,270 listed in December 2019, and decreased 22.3% from the 2,238 listed in November 2020.

Pending sales (2,003) increased 13.0% from the 2,274 offers accepted in December 2019, and decreased 21.7% from the 2,557 offers accepted in November 2020.

Closed sales (2,789) increased 26.0% from the 2,213 closings in December 2019, and increased 1.6% from the 2,745 closings in November 2020.

INVENTORY AND TOTAL MARKET TIME

Inventory decreased by 1% in December. Total market time decreased to 40 days.

YEAR-TO-DATE SUMMARY

Comparing the first 11 months of 2020 to the same period in 2019, new listings (38,442) decreased 5.3%, pending sales (32,849) increased 7.9%, and closed sales (32,031) increased 7.8%.

AVERAGE AND MEDIAN SALE PRICES

Comparing 2020 to 2019 through December, the average sale price has increased 7.6% from $459,200 to $494,000. In the same comparison, the median sale price has increased 7.3% from $410,000 to $440,000.