The Portland Metro RMLS market action report for August was realeased last week and it was another month of mixed figures. The inventory dropped to 6.2 months from 7.0 months from July which a small sign of good news but median prices slid showing the every decreasing home values most likely as always due to foreclosure dumps by banks and short sales. The Portland Metro real estate market has stayed flat all summer and all signs look to it staying that way for some time.
With the market flat and home prices low if you are in the market to buy it is prime time. If you have any questions please contact one of our agents.
