Portland Real Estate in May: Sales Up 62% YoY, Inventory Down 49% YoY

Note: Remember sales were weak in April and May 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 May 2021 were 3,183, up 62.1% from 1,963 in May 2020.

Active Listings in May 2021 were 2,339, down 48.6% from 4,551 in May 2020.

Inventory in May was up 5.3% from last month.

Months of Supply was 0.7 Months in May 2021, compared to 2.3 Months in May 2020.