Portland Real Estate Statistics: Dec 21st 2008
This Week:
The median single family home price in PORTLAND this week is $324,999. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Price
The market has been on a downward trend recently and this week, while essentially flat, doesn’t
break us out of [...]
What does the future hold for Portland Real Estate Investing?
Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.
I have argued with just about anybody that will listen that we are far from seeing the end of this crisis. So what does this [...]
Portland Real Estate Statistics: November 2008
The RMLS released the November 2008 statistics, and nobody should be surprised. Everything is down except the days on market. We are down 39.9% in total sales compared to last November and had the lowest total sales (1,041) in one month since February 1993. Comparing November 2008 to October 2008, new [...]
