RMLS June Market Action
Three posts in one day! RMLS Market Action for June just came out. The median sales price in the Portland area is $289,000, a 2% drop from June 2007. The average sales price is $348,800. That’s down 1.1% from June 2007. Days on market are about the same as last month. Inventory is fairly static but almost two-fold what it was this time last year.
July 15th, 2008 at 7:35 am
A 1-2% drop in year over year pricing (compared with June 2007 when prices were at their peak) is great news.
I just saw another report where days-on-Market (DOM) for PDX realestate was only trailing San Francisco and Austin. All other major cities including Seattle are taking longer time to sell.