Average Sale Price is Down 5% in Portland Metro as the Inventory Squares up with Last Year
After a couple weeks with the Average Sale Price in positive territory vs last year, it slipped to a 5% Deficit vs the same week last year.
Mortgage Rates increased a quarter of a point over the last couple days - putting rates at 6.75% (at best), with Most Lenders Well Above 7% for the 30-year fixed).
The number of New Transactions remained on par with the median we've been seeing over the past 10 weeks.
The Supply of homes increased nominally, with an increase of only 109 homes for sale vs last year's increase of 429. This brought our inventory to 1.1% Higher than Last Year. Only 4 months ago, the inventory was more than double what it was the previou
Post a Comment
To post a comment about this blog entry, click here.