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Portland Home Prices Jump by Double Digits

hamilton-zanze September 18, 2013

Average home prices in Portland rose 14% year-over-year to $321,900 in August, sustaining the city’s streak of double-digit annual price increases. Prices still remain 17% behind 2007 levels, when the housing market was at its peak.

New listings and pending sales also increased by 10.3% and 9.5%, respectively, in August. Experts estimate it would take just 3.1 months to clear the market of unsold inventory, well below the 6-month level considered characteristic of a healthy market.

Read more at the Portland Business Journal