The Portland Real Estate Market Action

We have an uptick in sales price but are still down 14% compared to June 2008.  Same-month pending sales were up for the first time since December 2006, and inventory reached its lowest point since August 2007. 

New listings are down 18.3%.  That certainly helps our inventory numbers.  RMLS has closed sales up 1776 vs 1427 comparing May 2009 with June.

Here are some other charts from the RMLS Market Action for June 2009. Also the full Market Action Report is here.