The Portland metro market continues to be a very strong sellers market. As expected for the time of year new listings were down 14% from September and down 8% from October 2020. Pending sales were up slightly from the previous month and overall closed sales were down .8% from the previous year.
Prices continue to climb and when comparing 2021 to 2020 through October, the average sale price has increased 16.7% from $489,000 to $570,600. Stay tuned for November’s market update and as always feel free to reach out anytime with questions or more information.