September 2021 – REAL ESTATE MARKET ACTION REPORT

by | Sep 23, 2021 | Agent Resources, Market Watch, Portland

It’s September and the numbers are in! Here’s your report for the month of September 2021 Portland: The biggest take away from this month was comparing year-over-year the average sale price has increased 17.5% from $485,200 to $570,200.

SEPTEMBER RESIDENTIAL HIGHLIGHTS

New listings (3,760) increased 15.2% from the 3,264 listed in September 2020, and increased 1.7% from listings in August 2021.

Pending sales (3,170) increased 0.6% from the 3,152 offers accepted in September 2020, and decreased 10.3% from listings in August 2021.

Closed sales (3,167) decreased 2.6% from the 3,251 closings in September 2020, and decreased 1.6% from listings in August 2021.

TOTAL MARKET TIME

Total market time increased by 2.9%

YEAR-TO-DATE SUMMARY

Comparing the first 11 months of 2021 to the same period in 2020, new listings (33,258) increased 8.3%, pending sales (27,979) increased 9.9%, and closed sales (26,393) increased 14.6%.

AVERAGE AND MEDIAN SALE PRICES

Comparing 2021 to 2020 through September, the average sale price has increased 17.5% from $485,200 to $570,200. In the same comparison, the median sale price has increased 16.5% from $433,500 to $505,000.

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