You wouldn't know it by the doom & gloom in the news, but year to date closed sales in the Portland, Oregon metro area are actually up 41.4% compared to this time last year! This is based on RMLS market statistics as of April 30, 2010. Granted the average sales price has dropped 5.2%, but the days on market has actually decreased 8.8% and inventory has also decreased from 11 months to 7.3 months.
How much of the increase can actually be attributed to the buyer's tax credit is anybody's guess.
So how are things in your local market?