A Relatively Stable October in Portland Area Real Estate

Inventory in Months October 2022

In the last couple of months, the market has achieved relative stasis in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch for changes in the market action index. If the market heats up, prices are likely to resume an upward climb.

Portland Metro Area Real Estate Market Numbers Comparing last 3 years

For the Portland Metro/ SW Washington, new listings (2,513) decreased 22.2% from the 3,232 listed in October 2021, and decreased 20.2% from the 3,151 listed in September 2022. Pending sales (1,835) decreased 42.4% from the 3,187 offers accepted in October 2021, and decreased 8.4% from the 2,003 offers accepted in September 2022. Closed sales (1,955) decreased 37.5% from the 3,129 closings in October 2021, and decreased 12.6% from the 2,237 closings in September 2022.

This team is here to help should you have questions about the market.