Portland Oregon Housing Sales Activity!! The Latest and Greatest!

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Statistics can be dreary!  On the other hand, number crunchers (like myself) often enjoy tracking local Portland Oregon market stats, especially when there’s a bit of good news!  Year to date compared with 2008, of course, our sales are definitely down with May 2009 down 7.4% over May 2008 and closed sales decreased a whopping 23.4%.  But, in our present real estate market, last year is “ancient history” and really going back more than 3 months is an exercise in futility and exasperation.  So, compare May 2009 with April 2009 and pending sales increased 5.9% and closed sales rose 9.6%!  And, again inventory in months dropped from 11 months to clear existing inventory to 10.2 (and down from 19.2 months in January). So, hey you’ve got to take the morsels and glimmers of the positive where you can!!  It’s more than likely going to be a slow and calculating housing recovery and patience will be a virtue.  For the full report go to:  http://bit.ly/MayMarketStats

June 13, 2009 by jackson : No Comments

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