OCTOBER 2021 – REAL ESTATE MARKET ACTION REPORT

by | Oct 14, 2021 | Agent Resources, Market Watch, Portland

It’s October and the numbers are in! Here’s your report for the month of October 2021 Portland: The biggest take away from this month was comparing year-over-year the average sale price has increased 16.7% from $489,000 to $570,600.

OCTOBER RESIDENTIAL HIGHLIGHTS
New listings (3,232) decreased 8.1% from the 3,515 listed in October 2020, and decreased 14% from listings in September 2021.

Pending sales (3,187) decreased 0.4% from the 3,199 offers accepted in October 2020, and decreased 1.2% from listings in September 2021.

Closed sales (3,129) decreased 0.8% from the 3,155 closings in October 2020, and decreased 1.2% from listings in September 2021.

TOTAL MARKET TIME
Total market time decreased by 31.7%

YEAR-TO-DATE SUMMARY
Comparing the first 11 months of 2021 to the same period in 2020, new listings (36,558) increased 6.6%, pending sales (31,027) increased 9%, and closed sales (29,582) increased 12.5%.

AVERAGE AND MEDIAN SALE PRICES
Comparing 2021 to 2020 through October, the average sale price has increased 16.7% from $489,000 to $570,600. In the same comparison, the median sale price has increased 16.4% from $435,000 to $506,500.

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