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

Posted by Lauren Perreault on Wednesday, February 22, 2023 at 1:13:32 PM By Lauren Perreault / February 22, 2023 Comment

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.