Portland Homes More Affordable This November

In November, Portland's median home price dropped to $515,000, with price per square foot decreasing by 0.5%, less than the national 1.2% decline. Listings fell 11% from the previous month to 2,443, while new listings dropped 32.5%. Homes took an average of 75 days to sell, longer than both the prior month and national average of 64 days. Inventory was 3.8% higher than last year.