|
|
Insider Information
|
 |
 |
Portland's Housing Market Shows Good Signs - March
A Publication of RMLS™, The Source for Real Estate Statistics in Your Community
Residential Review: Metro Portland, Oregon
When comparing March to February 2008, closed sales were up 22.2% (1,691 v. 1,384) while pending sales also increased 5.5% (1,938 v. 1,837). A comparison of the 12 months ending in March 2008 with the 12 prior shows that the average sale price appreciated 4.9% ($344,700 v. $328,700). Using the same formula, the median sale price appreciated 5.1% ($290,000 v. $276,000). |
|
|
 |
Now is the time to "Buy Smart"
|
 |
A number of factors have converged to make this the best buyers’ market we've seen in years.
✔ Rates are back where they were before the market turned, making mortgage payments affordable.
✔ The wide selection of inventory means buyers have more properties to choose from.
✔ Homeowners in it for the long-term nearly always come out ahead in building wealth.
|
 |
|
 |
Higher quality at a lower price, offered by
well-respected builders, can't help but be
appealing. High-end features like hardwoods,
media centers, and professional landscaping that
some buyers could only dream of just a few
years
ago have become increasingly standard in
lower-priced homes.
|
|
