Comparing March 2012 with March 2011, closed sales increased 4.9% while pending sales rose 12.8%. More sales activity combined with a decrease in new listings caused inventory to drop down to 5 months, the lowest level since June 2007.
Thursday, April 12, 2012
RMLS Market Action - Portland Metro Area
The Portland Metro Area showed signs that prices are starting to stabilize. In the first quarter of 2012, the average sale price dropped less than one percent compared with the same period last year. Sales in the first quarter were higher than any first quarter since 2007.
Comparing March 2012 with March 2011, closed sales increased 4.9% while pending sales rose 12.8%. More sales activity combined with a decrease in new listings caused inventory to drop down to 5 months, the lowest level since June 2007.
Comparing March 2012 with March 2011, closed sales increased 4.9% while pending sales rose 12.8%. More sales activity combined with a decrease in new listings caused inventory to drop down to 5 months, the lowest level since June 2007.
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