Portland Real Estate in April: Sales Up 46% YoY, Inventory Down 53% YoY

Note: Remember sales were weak in April 2020 due to the pandemic. I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

For Portland, OR:

Closed sales in April 2021 were 2,946, up 46.2% from 2,015 in April 2020.

Active Listings in April 2021 were 2,222, down 53.3% from 4,757 in April 2020.

Inventory in April was up 14.4% from last month.

Months of Supply was 0.8 Months in April 2021, compared to 2.4 Months in April 2020.