Portland Market Update

RMLS - Neighborhood Statistics, Pending Sales on the Rise!

Comparing April 2008 to April 2007, market activity remains slow.  On the other hand, month-to-month activity (March v. April) showed growth in some categories.  One area of growth from March to April was pending sales, which grew 6.8% (2,070 v. 1,938). This is the first increase in pending sales from March to April since 2005. New listings also grew 2.7% (5,295 v. 5,155). Closed sales dropped 6.4% (1,582 v. 1,691). This drop is on par with the last three years, though, as closed sales have dropped an average of 6.7% from March to April.