Have you been on the fence waiting to see if the market is going to improve soon...well all signs are pointing in the right direction. We have extremely low inventory in the greater Portland Metro Area. Low supply increases demand and you could be in a good position to move your property.
Looking to Sell or Buy. Contact me for a Market Analysis to see if its time.
Contact Me
Portland Metro Sales in May Sale Prices- RMLS Data
Home sale price measures were all positive in May. The median sales price rose 6.6% when comparing May 2012 with the same month in 2011 and 0.9% when comparing the first five months of 2012 to that period in 2011. This is the second consecutive month in 2012 that the median home price has risen. The average sales price has also risen 7.2% when comparing the current month to the same month in 2011 and 1.1% over the comparable period so far this year.
Article below from Housing Wire about the overall US housing market.
Housing Wire
U.S. home sales up 20% from last year: Data Quick
Sales overall rose 12% from the same period a year earlier and 10.6% from 2009 levels.
Home prices also went up with the median price hitting $193,000 on July 5, up 6% from a year ago and 4.3% from three years ago.
In a little over a month, the median sales price rose from $186,000 to $193,000.
The DataQuick report analyzes 66.25% of all U.S. home sales, excluding the key markets of Louisville and Wichita.
No comments:
Post a Comment