Published December 24, 2023
Portland Metro Market Update – December, 2023
Portland Metro Market Update – December, 2023
New listings (1,026) decreased 4.4% from the 1,073 listed in December 2022, and decreased 43.9% from the 1,828 listed in November 2023. Pending sales (1,309) increased 8.5% from the 1,206 offers accepted in December 2022, and decreased 9.2% from the 1,441 offers accepted in November 2023. Closed sales (1,330) decreased 9.2% from the 1,464 closings in December 2022, and decreased 1.0% from the 1,344 closings in November 2023.
Inventory decreased to 2.7 months in December. That means if no new homes were to come onto the market, that it would take 2.7 months to sell at the rate at which they are selling. Total market time increased to 60 days.
Comparing the twelve months of 2023 to the same period in 2022, new listings (29,689) decreased 18.0%, pending sales (21,363) decreased 20.4%, and closed sales (20,941) decreased 25.2%.
Comparing 2023 to 2022 through December, the average sale price has decreased 2.1% from $610,900 to $598,000.
SW Washington Market Update – December, 2023
New listings (313) decreased 14.7% from the 367 listed in December 2022, and decreased 31.2% from the 455 listed in November 2023. Pending sales (382) increased 2.4% from the 373 offers accepted in December 2022, and increased 3.8% from the 368 offers accepted in November 2023. Closed sales (381) decreased 15.5% from the 451 closings in December 2022, and increased 15.5% from the 330 closings in November 2023.
Inventory decreased to 2.7 months in December. That means if no new homes were to come onto the market, that it would take 2.7 months to sell at the rate at which they are selling. Total market time increased to 57 days.
Comparing the twelve months of 2023 to the same period in 2022, new listings (7,675) decreased 23.3%, pending sales (5,937) decreased 21.7%, and closed sales (5,774) decreased 28.2%.
Comparing 2023 to 2022 through December, the average sale price has increased 0.2% from $583,400 to $584,300.
Cover Photo – Timberline Ski Lodge, Mount Hood, OR
Article Photos – Timberline Ski Area lights up Mount Hood, OR & Leavenworth, Washington
