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Market Update February 2023
Dated: March 17 2023
Views: 167
February 2023 saw a decrease of 9% in new listings compared to January 2023. Meanwhile, pending sales also decreased by 3.8%. However, closed sales experienced a significant increase of 31.8%, indicating that buyers were taking advantage of the available inventory.
The average sale price in February 2023 increased by 6.8% compared to the previous month, while the median sale price rose by 4.8%. These increases suggest that demand for properties remained strong despite the decrease in new listings and pending sales.
Inventory also decreased slightly by 0.8%, which may have contributed to the rise in average and median sale prices. Furthermore, the total market time increased by 6 days, which could indicate that buyers are taking more time to make purchasing decisions or that the market is becoming more competitive.
Dave Woody
Dave works diligently behind the scenes to make Real Estate easy for you. He services clients in Washington and Oregon and joined NextHome Realty Connection to grow his business. Real Estate draws on ....
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This content last updated on September 22, 2026 6:25 AM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright © 2026 WVMLS. All Rights Reserved. Information last updated on September 22, 2026 8:04 AM UTC
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