Market Action

This June, same-month pending sales were up for the first time since December 2006 in the Portland Metro area, and inventory reached it’s lowest point since August 2007. junemarketaction-7.gif Comparing June 2009 with June 2008, pending sales were up 8.4% while closed decreased 5.4%. New listings dropped 18.3%. Inventory fell to 8.2 months, dropping for the fifth consecutive month and reaching it’s lowest point since August 2007.

Click here to see June’s Market Action Report:

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