The Latest Portland Housing Report

The year has started off on a very positive note. Sales activity in the Portland metro area continued to show improvement in closed and pending sales when comparing this January to the same month a year ago. Closed sales experienced a 18.3% increase, posting the highest numbers for January since 2007. Pending sales saw growth of 22.4% in the same comparison. What this means is that people are getting out there and buying…finally.

Market time also improved, decreasing from 160 to 136 days. That’s great news for sellers who are hoping to get their home sold in a timely manner. And lastly, inventory is up! This is very good news because for the past 6 months the inventory levels have continued to drop and finally they have bounced back up to levels last seen in July of 2011. For more of the report, see below. And if you are thinking of buying or selling a home, please let me know!
January 2012 Portland Market Report

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