April 2021 – REAL ESTATE MARKET ACTION REPORT

by | May 26, 2021 | Agent Resources, Market Watch, Portland

It’s April and the numbers are in! Here’s your report for the month of April 2021 Portland: The biggest take away from this month was comparing year-over-year the average sale price has increased 16.9% from $465,200 to $543,900.

APRIL RESIDENTIAL HIGHLIGHTS

New listings (4,065) increased 42.8% from the 3,465 listed in March 2021, and increased 17.3% from listings in February 2021.

Pending sales (3,400) increased 66.6% from the 3,346 offers accepted in March 2021, and increased 1.6% from listings in February 2021.

Closed sales (2,946) increased 46.2% from the 2,556 closings in March 2021, and increased 15.3% from listings in February 2021.

TOTAL MARKET TIME

Total market time decreased by 38.9%

YEAR-TO-DATE SUMMARY

Comparing the first 11 months of 2021 to the same period in 2020, new listings (12,778) increased 6.9%, pending sales (11,249) increased 27.3%, and closed sales (9,481) increased 16.2%.

AVERAGE AND MEDIAN SALE PRICES

Comparing 2021 to 2020 through February, the average sale price has increased 16.9% from $465,200 to $543,900. In the same comparison, the median sale price has increased 16.8% from $415,100 to $484,900.

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