It’s August and the numbers are in! Here’s your report for the month of August 2021 Portland: The biggest take away from this month was comparing year-over-year the average sale price has increased 18.5% from $481,00 to $570,100.

AUGUST RESIDENTIAL HIGHLIGHTS

New listings (3,698) decreased 4.8% from the 3,885 listed in August 2020, and decreased 13.3% from listings in July 2021.

Pending sales (3,535) decreased 4.4% from the 3,697 offers accepted in August 2020, and increased 5.4% from listings in July 2021.

Closed sales (3,219) increased 2.2% from the 3,149 closings in August 2020, and decreased 6.4% from listings in July 2021.

TOTAL MARKET TIME

Total market time decreased by 44.2%

YEAR-TO-DATE SUMMARY

Comparing the first 11 months of 2021 to the same period in 2020, new listings (29,405) increased 7.4%, pending sales (24,960) increased 11.2%, and closed sales (23,142) increased 17.6%.

AVERAGE AND MEDIAN SALE PRICES

Comparing 2021 to 2020 through August, the average sale price has increased 18.5% from $481,000 to $570,100. In the same comparison, the median sale price has increased 17.4% from $430,000 to $505,000.