It’s November and the numbers are in! Here’s your report for the month of November 2021 Portland: The biggest take away from this month was comparing year-over-year the average sale price has increased 16.1% from $492,000 to $571,100.

NOVEMBER RESIDENTIAL HIGHLIGHTS
New listings (2,229) decreased 0.4% from the 2,238 listed in November 2020, and decreased 31% from listings in October 2021.

Pending sales (2,660) increased 4% from the 2,557 offers accepted in November 2020, and decreased 16.5% from listings in October 2021.

Closed sales (2,832) increased 3.2% from the 2,745 closings in November 2020, and decreased 9.5% from listings in October 2021.

TOTAL MARKET TIME
Total market time decreased by 33.5%

YEAR-TO-DATE SUMMARY
Comparing the first 11 months of 2021 to the same period in 2020, new listings (38,852) increased 6.1%, pending sales (33,620) increased 8.7%, and closed sales (32,492) increased 11.4%.

AVERAGE AND MEDIAN SALE PRICES
Comparing 2021 to 2020 through November, the average sale price has increased 16.1% from $492,000 to $571,100. In the same comparison, the median sale price has increased 16.2% from $438,000 to $508,900.