Ignite FB Tracking PixelPortland, OR Real Estate News - July Brought Some Zip to Portland's Area Housing Market - Dave Hiller
Core, Realtors

Portland, OR Real Estate News - July Brought Some Zip to Portland's Area Housing Market

by Dave Hiller 08/19/2019

Home Sales

Image by OpenClipart-Vectors from Pixabay.

Lower mortgage rates are helping the area's housing market to rebound this Summer.  With low interest rates and a moderation in housing price appreciation, this is a great time to be looking for a new home.  Here are more details on July's home sales.

July brought some zip to a Portland area housing market that had been in the doldrums relative to the past few years, but the rally might prove short-lived.

Sales jumped 7.6% compared with the same month a year earlier, according to the local listing service RMLS, and the surge in sales helped bring down the previously growing number of homes on the market.

Accepted offers, however, dropped compared with the year prior, suggesting August’s numbers for closed sales might disappoint.

About the Author
Author

Dave Hiller

SRS, GRI, SRES®

HOWNW.com Certified Specialist

Core, REALTORS®

License No. 201226626

Oregon Licensed Broker

Hi, I'm Dave Hiller and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.