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Portland Real Estate in August: Sales Up 2% YoY, Inventory Down 23% YoY

Mostly I’m going to post local market data (Sales, Active Inventory, New listings) weekly on the CalculatedRisk Newsletter.

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Here are the first 6 of about 30 local markets that I track: 6 Local Housing Markets in August. This includes Denver, Las Vegas, San Diego, North Texas (Dallas/Ft. Worth), Northwest (Seattle) and Santa Clara (San Jose).

For Portland, OR:

Closed sales in August 2021 were 3,219, up 2.2% from 3,149 in August 2020.

Active Residential Listings in August 2021 were 3,066, down 23.3% from 3,995 in August 2020.

Months of Supply was 1.0 Months in August 2021, compared to 1.3 Months in August 2020, and 2.3 months in August 2019.

Inventory in August was down 3.6% from last month, and up 59.5% from the record low in March 2021.

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