Published March 19, 2018

February Market Action Report - Portland Metro Area

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Written by Noah Kragerud

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February was a strong month for closed sales.  Closed sales were up over January '18 as well as February of 2017.  Homes continue to last a bit longer on the market with Days on Market increasing from an average of 60 to 69 days in February.  Now is a great time to buy to beat the spring & summer rush of buyers and lock in a great rate as they are forecasted to creep up through the year.  Inventory is down from January to February, but remains the same as February of 2017.  

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market trend, real estate, market action, closed sales, inventory
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Noah Kragerud

Team Lead | Ark Realty Group | Keller Williams Sunset Corridor

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