November 2021 highlights
The Portland market cooled off significantly in November, with both the number of listed and sold properties dipping below 1,000 for the first time since the spring. Competition eased up, too, as the number of days on market for single-family homes crept up to 11—the longest average for the year.
- Homes spent more time on the market than anytime else this year At 13 days, Portland area homes experienced the longest amount of time spent on the market for the year, beating out the previous month’s record high of 11 days. This follows a predictable trend of a slow-down in the competition during the end of the year.
- Fewer homes were listed and sold The number of homes listed decreased by 30% to just over 500 which would usually encourage a rise in competition. But the number of homes sold also dipped, leading to an even inventory from month to month.
- Homes in Beaverton were slightly more affordable than in Portland Beaverton homes were both listed and sold for slightly less than their counterparts in Portland with a median sale price of just over $520,000, while Portland homes sold for 10% more at $535,000.
Our research team analyzed the competition in select local areas.
Sale price compared to list price
Days on market
Number of properties listed
Number of properties pending sale
Portland data includes the city of Portland.
Hillsboro & Beaverton data includes the cities of Hillsboro and Beaverton.