Portland Metro Market Stats – April 2012

The latest RMLS Action report for the greater Portland Metro area shows the supply of homes for sale has dropped to its lowest point in years, currently at 4.7 months of inventory. Rates are low and buyer activity is on the rise, often resulting in multiple offers coming in on well-priced homes for sale.

Comparing the first four months of 2012 with the same period in 2011, closed sales are up 13.1%, pending sales are up 17.5% and new listings are down 9.7%. Time on the market has also dropped from 161 days to 132.

Portland Metro Real Estate Market Stats April 2012

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.

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