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2014-01-16 10:11:03
Portland Real Estate Market Report 2014

The latest Portland Real Estate Market Action is out with full 2013 numbers and comparisons to previous years. 

Portland Real Estate MarketAs you notice from the first table, the Portland Real Estate inventory was low for the majority of last year, the trend continuing also in December with a 3.2 months figure.

Number of home sales increased 12% year over year and the home listings were up 11%.

Home prices moved up an average of 13%.

The forecast for first 3 months of 2014 is along the same lines, a shortage of homes for sale and buyers coming back into the market after the holiday season.

This two trends will combine to generate a high level of activity, such as multiple offers on most of properties, bidding wars for most desirable homes located in in-demand neighborhoods and shorter selling times for homes priced right.

You can find additional details in the full report here.

 

 
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