In November, home prices fell moderately from the month before, with a median listing price of $515,000.
The number of listings on the market shrank 11.0% from last month, which is typical for this time of the year in Portland, and homes are also selling slower than at the same time last year.
Home prices in Portland
Typically, home price per square foot in Portland tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.5% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Rose City are smaller the national market.
Portland inventory
In November, there were 2,443 homes for sale in Portland, which was 11.0% less than the month before and 3.8% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in Portland was 612, which was 32.5% less than the month before and 0.7% more than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in Portland take an average of 75 days to sell, according to November figures.
This is three days more than the previous month and four days more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Portland, OR.