Portland Real Estate Prices Up but…

RMLS Inventory August 2010RMLS 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.

RMLS Portland Metro real estate data for August 2010

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