Posts made in July 26th, 2010

Portland Real Estate Market Conditions June 2010

Posted by Anne Kadin in Portland Real Estate Market Conditions

Where’s the bottom of the Portland real estate market? Are home prices going to continue to fall or are they stabilizing? These are great questions. Determining answers is tricky. We’ll only know the bottom of the market when we see it in the rear view mirror. But there are definite signs of stabilization. To compare with last month check my previous market conditions blog. Homes are starting to sell faster and for slightly more money than they had been. This is good news. We see this in two sets of real estate statistics. Let’s look first at real estate home prices for sold homes with our latest market figures. June 2010’s average sales price was 3.3% lower than...