There is a definite sense that things are picking up right now in Portland. I took a look at the numbers and, Wow! Pending sales of detached homes are up 107% in March over February. Buyers are coming out of the woodworks and multiple offers are becoming common again.

Here is a Breakdown of Pending sales of Detached homes as of March 24th, 2008.

NE: Feb 79 - Mar 117
SE: Feb 102 - Mar 162
N: Feb 38 - Mar 61
W: Feb 45 - Mar 84

Totals:
Feb 264 - Mar 424 // March Projected = 547

Percent increase = 107%

 
Posted by Nick Krautter on 03/24/2008 12:23 PM   Comments (3)   , , ,  
This post has been included in Oregon Information

3 Comments on Pending sales of detached homes up 107% in March!

Wow thats fabulous. Alert the media!!!

03/24/2008 12:27 PM by Mike Elliott, Keller Williams Realty

 

Its about time someting good is happening in the real estate market

03/24/2008 12:28 PM by Summit Realty Group, Inc.

Nick,

That is a remarkable increase and good for Portland area. Low mortgage rates are certainly helping turn things around up there. Las Vegas real estate market is stirring up, too, so let's hope our numbers will get close to yours.

03/24/2008 12:48 PM by Esko Kiuru - Las Vegas NV Mortgage Consultant (Sinifox Financial)

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Real Estate Agent: Nick Krautter (Keller Williams)
Nick Krautter
Portland, OR
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