September 2021 highlights
While the region was still very active in September compared to previous years, the month brought an expected seasonal slowdown in Portland, with competition for single family homes decreasing, all home types taking a little longer to sell, and more homes being listed.
- Competition among Portland buyers slowed. Sale-to-list price ratio dropped for the third month in a row after unprecedented highs in the spring. Coming in at 101%, this measure is on par with last September and keeps Portland in its new territory of homes selling above list price. Median days on market rose 17% to 7 days, the slowest pace since December.
- Condos in Beaverton and Hillsboro sold steadily. Median sale price for condos increased 5% after falling in August and condos continued to sell in a median of 5 days for the fourth consecutive month. Meanwhile, single family home sales slowed for the season, with median days on market rising and sale-to-list price ratio falling.
See previous months’ highlights
Competition report
Our research team analyzed the competition in select local areas.
Sale price
List price
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.
