How's the Portland Market?

A weekly update on the Portland real estate market.

 

How's the Market?

PDX metro area real estate statistics for the week of Oct 11-Oct 17, 2021. These numbers are for the full metro area - including both Vancouver, Washington, and the Portlandia, Oregon areas.

October 19, 2021
Portland Metro Area (OR and WA)
Market Activity for the Week of October 11 through October 17, 2021 

Homes Sold: 751 vs previous weeks: 743; 939, 722; 809; 625; 888; 833; 843; 770; 698; 895; 793; 868; 732; 1035; 1035; 917; 802; 737; 685; 896; 792; 807; 749; 848; 684; 733; 687; 687; and 581. During the same week last year, this number was 823.

Active Listings: 3514 vs previous weeks: 3556; 3583; 3667; 3604; 3614; 3439; 3595; 3555; 3498; 3487; 3427; 3446; 3278; 3209; 3425; 3091; 2967; 2822; 2744; 2568; 2593; 2476; 2289; 2265; 2173; 2275 2252; 2163; 2135; and 1998. 

Total number of Pending Deals: 5827 vs previous weeks: 5941; 5890; 6005; 6032; 6000; 6020; 6126; 6294; 6293; 6294; 6195; 6244; 6256; 6250; 6186; 6586; 6593; 6664; 6546; 6587; 6640; 6561; 6501; 6388; 6393; 6216; 6049; 5894; 5835 and 5779.

New Active Listings: 653 vs previous weeks: 661; 668; 740; 718; 789; 564; 698; 722; 714.

New Pending Deals: 944 vs previous weeks: 938; 1009; 970; 1052; 842; 966; 975; 973; 1046; 1002; 1074; 1049; 1101; 836; 934; 1030; 1050; 1068; 904; 1084; 1117; 1079; 998; 1037; 1088; 952; and 894. 

Average Days on Market 20 (340 last year)

Median Days on Market 6 (7 last year)

Average Sale price - $581,394 vs $520,063 during the same week last year.

Median Sale price – $515,000 vs $457,900 during the same week last year .

Total Sales Volume – $436,626,894 vs $417,090,526 during the same week last year.

Average List Price vs Sale Price
Average Sale Price as a Percentage of the Asking Price  – 101.79%
Median Sale Price as a Percentage of the Asking Price – 103.21%
Average Sale Price as a Percentage of the Original Asking Price – 100.5%

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