0%

Oregon & Metro Area February Stats

 

Oregon Real Estate Market Stats

Portland Metro Residential Highlights

 

New Listings

 

New listings (1,764) decreased

31.4% from the 2,571 listed in

February 2022, and decreased

9.0% from the 1,938 listed in

January 2023.

 

Pending Sales

Pending sales (1,703) decreased 30.5% from the 2,452

offers accepted in February 2022, and decreased 3.8%

from the 1,771 offers accepted in January 2023.

 

Closed Sales

Closed sales (1,434) decreased 26.0% from the 1,939

closings in February 2022, and increased 31.8% from the

1,088 closings in January 2023.

 

Inventory and Time on Market

Inventory decreased to 1.9 months in February. Total

market time increased to 71 days.

 

Year-to-Date Summary

Comparing the first two months of 2023 to the same

period in 2022, new listings (3,727) decreased 24.1%,

pending sales (3,396) decreased 27.3%, and closed sales

(2,537) decreased 33.8%.

 

Average and Median Sale Prices

Comparing 2023 to 2022 through February, the average

sale price has decreased 5.3% from $584,100 to

$553,300. In the same comparison, the median sale price

has decreased 3.7% from $519,100 to $500,000.