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Portland Real Estate is All Over the Place!! Rates Peak? Inventory Hits Bottom? Prices in the Red? A Foot of Snow?!!

Posted by Lauren Perreault on Friday, February 24, 2023 at 1:04 PM By Lauren Perreault / February 24, 2023 Comment

The Average Sale Price is Up this week - but slid back into the red vs the same time period last year - Down 3.1%.
Interest Rates held steady at about 6.375% this past week but receded slightly this morning to 6.25%. Buyer Demand seems to be Waning.
The Supply of Homes may have finally hit bottom with the first increase in the number of homes available to purchase in 18 Weeks.