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.  

Tags

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

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