(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); Portland Home Prices Jump by Double Digits | Hamilton Zanze

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

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