Market Conditions for June 2012
Market conditions for June are now available for you to review.
Portland real estate inventory levels hit 3.9 months! So far every single month this year the inventory levels have dropped. At the current rate of sale it would take approximately 3.9 months to clear out all the remaining inventory available for sale. The last time the inventory hit 3.9 months was in March of 2007 over 5 years ago. The current marketing time is at 114 days from when a home hits the market to when there is an accepted offer on the home. The average sales price is $284,100 while the median sales price is $242,000.
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