Current Real Estate Market News

Portland Real Estate market showed signs of improvement in April. Below are some of the highlights as reported by the Real Estate Association.

• Pending sales for April were 13.6% higher then March.


• Closed sales for April were up 10% from March.


• Pending sales for 2009 are rising at a faster rate then they did in 2008 - 13.6% vs 6.8%.


• Inventory levels continue to decline. Now at 11 months vs 19.2 months in January.

While we are still at levels lower then last year, we are clearly on the upswing.

Below is an interesting chart from RMLS. It shows the average number of times homes are shown for each day of the week. Clearly Saturday is the most popular day to view houses while Monday is the least preferred.