Portland Real Estate: Got Cash?

When RMLS Market Action came out last week it was hard not to notice a sharp drop in average sales price.  In conversations about it, we thought that we were seeing more cash deals which presumably have a lower sales price.  We were right but mostly wrong.  There are more cash deals but not as a ratio to closed sales:

RMLS Portland Real Estate Cash Sales Oct to Dec

The counts from above are from an Advanced Search in RMLSweb of closed sales in the five RMLS areas that make up Portland and then limited to the City of Portland.

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