August Market Action Report

august-market-action.jpg In August, sales activity in the Portland metro area continued to outpace last year’s same-month sales totals. Pending sales were up 13% and closed sales rose 4% compared to August of 2008.However, new listings fell 14.1%. Unfortunately, inventory is still 21.2% below August 2008.

Closed sales dropped 7.4% compared to last month and pending sales fell 0.7%. New listings dropped 3.3% since July.

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