What’s the Market in Portland like right now you ask?

The latest market report from March 2014 shows real estate activity continued to see upward momentum this last month in the Portland metro area! There were 3,090 new listings, a 31.3% increase over the 2,354 new listings posted in February. This was also a 2.9% increase from the 3,002 new listings posted last March. Pending sales, at 2,534, bested February’s 1,848 by 37.1% but were a 3.6% decrease from last March’s 2,628 pendings. Similarly, the 1,857 closings were a 26.6% increase from February’s 1,467 but fell 4.0% compared to the 1,935 closings recorded in March 2013. There are currently 5,811 active residential listings in the Portland metro area. Total market time in the region fell to 85 days in March, and inventory decreased to 3.1 months. In short, it’s a seller’s market and prices are continuing to rise!
 
Average and Median Sales prices over the last 9 years

 
 
 
 
 
 

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