RMLS Market Action for August is out and prices are up slightly but the rest of the data leaves room for pause. The median price is up 1.8% over last month and the average is up .8% to $299,300. Inventory, the ratio of active listings and sold properties for the month, is up to 11 months.
RMLS reports the Portland metro area as a five country area which includes Clark County in southwest Washington. I’ll post the more specific City of Portland shortly.
Year-to-date real new listings, pending listings and closest sales are up for the year but average sales prices are down. What a potential buyer or seller should do remains, as always, a matter of personal situation. Tuesday’s post recounted the Today Show’s reasons to rent or buy.