Brisk January Home Sales Leave Behind Slim Inventory And Higher Prices RMLS Says

Dated: March 19 2014

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The new year brought more of the same in the real estate market, with the slim supply of homes for sale driving prices higher.

Nearly 1,400 Portland-area homes sold in January, according to numbers from theRegional Multiple Listing Service, an increase of 3.9 percent from a year earlier.

Sales were down 21.7 percent from December, reflecting a typical winter slowdown. But accepted offers -- deals that will close in coming months -- were up 36.6 percent from December, and 6.3 percent from a year earlier.
The brisk sales left an unusually thin supply of homes on the market, setting the stage for another competitive spring for homebuyers. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

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