A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon December 2020 Reporting Period December Residential Highlights New listings (1,740) increased 37.0% from the 1,270 listed in December 2019, and decreased 22.3% from the 2,238 listed in November 2020.
Year-to-Date Summary Comparing the twelve months of 2020 to the same period in 2019, new listings (38,442) decreased 5.3%, pending sales (32,849) increased 7.9%, and closed sales (32,031) Pending sales (2,003) increased increased 7.8%. 13.0% from the 1,772 offers accepted in December 2019, and decreased Average and Median Sale Prices 21.7% from the 2,557 offers accepted Comparing 2020 to 2019 through in November 2020. December, the average sale price Closed sales (2,789) increased has increased 7.6% from $459,200 to 26.0% from the 2,213 closings in $494,000. In the same comparison, December 2019, and increased 1.6% the median sale price has increased from the 2,745 closings in November 7.3% from $410,000 to $440,000. 2020. Inventory and Total Market Time Inventory decreased to 0.8 months in December, the lowest on RMLS™ record. Total market time decreased to 40 days.
Inventory in Months* 2018 2019 2020 January 2.2 3.3 2.2 February 1.9 2.7 1.9 March 1.6 2.2 1.8 April 1.8 2.2 2.4 May 1.9 2.1 2.3 June 2.1 2.4 1.5 July 2.4 2.3 1.2 August 2.3 2.3 1.3 September 3.1 2.8 1.1 October 2.7 2.4 1.1 November 2.8 2.4 1.0 December 2.5 1.8 0.8 *Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This includes proposed and under construction homes. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: +7.6% ($494,000 v. $459,000) Median Sale Price % Change: +7.3% ($440,000 v. $410,000)
For further explanation of this measure, see the second footnote on page 2.
2020
Portland Metro Residential Highlights
2019
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
December
1,740
2,003
2,789
514,000
455,000
40
November
2,238
2,557
2,745
521,200
457,000
41
38,442
32,849
32,031
494,000
440,000
46
1,270
1,772
2,213
457,700
405,000
64
Year-to-date
40,579
30,430
29,700
459,200
410,000
56
December
37.0%
13.0%
26.0%
12.3%
12.3%
-37.0%
Prev Mo 2020
-22.3%
-21.7%
1.6%
-1.4%
-0.4%
-2.4%
Year-to-date
-5.3%
7.9%
7.8%
7.6%
7.3%
-18.7%
Year-to-date
Change
New Listings
December
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