It’s December and the numbers are in! Here’s your report for the month of December 2021 Portland: The biggest take away from this month was comparing year-over-year the average sale price has increased 15.8% from $494,000 to $571,900.

DECEMBER RESIDENTIAL HIGHLIGHTS
New listings (1,599) decreased 8.1% from the 1,740 listed in December 2020, and decreased 28.3% from listings in November 2021.

Pending sales (1,942) increased 3% from the 2,003 offers accepted in December 2020, and decreased 27% from listings in November 2021.

Closed sales (2,582) decreased 7.4% from the 2,789 closings in December 2020, and decreased 8.8% from listings in November 2021.

TOTAL MARKET TIME
Total market time decreased by 19.4%

YEAR-TO-DATE SUMMARY
Comparing the first 11 months of 2021 to the same period in 2021, new listings (40,531) increased 5.4%, pending sales (35,405) increased 7.8%, and closed sales (35,182) increased 9.8%.

AVERAGE AND MEDIAN SALE PRICES
Comparing 2021 to 2020 through December, the average sale price has increased 15.8% from $494,000 to $571,900. In the same comparison, the median sale price has increased 15.7% from $440,000 to $509,000.