Portland Home Pricing Update

Data isn’t out yet for April, but March RMLS Market Update reported a 4.1% sales price increase year over year.  Although we’re still appreciating, it’s not at the rates of the past. Sales are slower.  It’s still a sellers’ market, but one that requires more patience for sellers.  Inventories of homes are rising, which allows buyers more choice.  Buyers are getting more determined to find the perfect home, rather than any home that will work.  Homes are taking longer to sell, even in our robust spring market.  It’s a transition in our market we’re adjusting to. Check out this link for more information…

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