Portland, OR Housing Update – September 2017

Portland saw cooler activity across the board this September. New listings fell 0.8% short of the 3,673 listings offered in September 2016 and 10.0% short of the 4,048 listings offered last month in August 2017.

Closed sales ended 5.8% below the 2,823 closings recorded in September 2016 and 12.3% below the 3,034 closings recorded in August 2017. Pending sales similarly decreased 4.4% from September 2016 and 11.1% from August 2017. Total market time in September rose three days to end at 37 days.

Inventory climbed to 2.3 months in September 2017,the highest it’s been January 2015.

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