September 2020 - Market Action Report - Portland, OR

Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of September 2020.  Click on the image below to see the full seven page detailed report.

​Home inventory remains extremely low at 1.1 months.  This is the length of time that it would take to run out of houses to sell if we continue selling at the current level without listing additional homes.

The year-to-date median sales price is UP 5.7% over this same period last year at $433,500. 

September 2020 vs August 2020
New Listings are down 16.0%
Pending Sales are down 14.7%
Closed Sales are up 3.2%

September 2020 vs September 2019
New Listings are down 5.9%
Pending Sales are up 17.3%
Closed Sales are up 36.8%

Homes are typically selling two weeks quicker than September last year.