Residential Property Value | Month to Month Comparision

Portland Real Estate Market
During recent weeks we have seen closed transactions in addition to pending deals have both improved substantially. The many value-priced Portland Short Sales have no doubt added some fuel to the fire when looking at homes for sale. These factors on home values have even more impact when considered with the lowering of average and median closed price of recent economic trends. Closed deals in the month of May have expanded exponentially by over 47% when compared to May of 2009. The numbers say that conditions have improved and prices are certainly better than ever in these trying times. So, with attractive prices combined with stellar interest rates, many investors as well as first time home buyers are buying into residential real estate short sales and foreclosures. [caption id="attachment_482" align="aligncenter"…
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Portland Housing Market Update

Portland Real Estate Market
Portland Oregon Realtors When industry professionals examine the economy of the housing sector; we often use a measurement known as "Inventory In Months". Basically, Inventory in Months is the total of home on the real estate market divided by the number of closed homes for sale transaction for a monthly period... The resulting number shows a measurement of real estate Supply & Demand. The idea is that inventory in months will tell you how long it would take to sell all of the homes for sale at today's sales volume. Basic supply and demand; supply is all of the available residential properties and Demand being the number of homes that buyers have purchased. Home Values | Local Economic Outlook [caption id="attachment_478" align="aligncenter" width="581" caption="Graph of Closed Portland Real Estate Transactions"][/caption]…
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