Market activity and sales continue to improve over the greater Portland area market, while listing inventory continues to fall creating a faster selling market time.
In Northeast Portland Market inventory shows a slight decrease. Pending Sales and Sold Properties both increase while market time increases slightly by one week over last month.
Best news is the Huge increase in number of Pending sales for 2009 vs 2008. The average and Median sales prices both remain constant reflecting about a $1,000 difference between now and last month.
Northeast Portland remains the fastest market time at 84 DOM for Portland Metro area compared with some of the suburban areas that can reach as high as 156 DOM.
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