Pending and closed sales both jumped in East Portland last month. In SE Portland, pending sales increased 22.2% over 2011, while NE Portland pendings spiked 45.5%
Over the entire Portland Metro area, the months of inventory increased slightly over December (5.3 months in December 2011 to 7 months in January 2012), but still a full 4 months lower than it was in January 2011. Average price remained relatively stable at $248,900, a drop of only $200 from January 2011.
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