New Trends Taking Shape in Portland Metro Real Estate

The Average Sale Price was up by 4.7% form last year at this time.  That's following the previous week's margin of +5.5%.   The average had been landing roughly in the 0-2% range over the past couple months.  A couple more figures in this week's range could indicate a new trajectory for sale prices.        
The number for New Purchase Agreements was down from the previous week, but that's a typical dynamic for this time of year.  Something New is that buyer demand has been higher than last year for 3 of the past 4 weeks.   Up by 13% for the 2nd week in a row. 
 
Mortgage Rates Held near 6.125% (best case scenario) for the 30-year fixed for almost the 3rd week straight.  The yield on the 10-Year Treasury did a bit of waffling, but didn't change much - indicating that rates will remain unchanged as we round out the year.

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