The inventory of active residential listings in the Portland area from September 2021, measured as 1.1 months, jumped to 2.2 months in September 2022, according to the latest Regional Multiple Listing Service (RMLS) report.
Despite the increase, inventory of less than four months favors sellers and keeps prices high, say real estate experts.
While homes priced correctly are trading hands, location is the top driver, and data shows that sales in the most populated counties in the state have been up and down.
In the Portland area, sales have dropped 13.8% when comparing the first nine months of 2022, January through September, to the same period in 2021, says RMLS.
The real estate marketplace Redfin provided 12 months of data on home sales in Oregon. Here is a look at home sales in counties with a population of 100,000 or more.
Median sale prices across Oregon in September ranged from $167,000 in Wheeler County to $965,000 in Hood River County, according to Redfin.
The median is the point in the middle in which half of the properties sold at a higher price and the other half at a lower price.
Here’s a sample of what’s for sale in the state’s most populated counties, according to Redfin: