Mortgage Rates Move UP! What's going on with Real Estate in Portland?

  • The Average Sale Price has Decreased - but still stayed above the average sale price last year at this time - but only by 0.5%.
  • Interest Rates were on the rise for the first time this year. Increasing a range of 5.75% - 5.875% to about 6.25%  this morning.  
  • The Supply of Homes continues to Decrease as new purchase contracts outplaced new listings by about 65% this week.

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