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

Dated: March 19 2014

Views: 430

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...
cb
Blog author image

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 ....

Latest Blog Posts

10 Ways To Save On A Kitchen Remodel

A kitchen remodel is among the most popular renovation projects for homeowners, but it can quickly become the most expensive. According to HomeAdvisor, the average kitchen remodel costs $25,656, or

Read More

6 Mortgage Tips For Single Homebuyers With Children

If you’re a single parent, it’s arguably more challenging to buy a home than for those in a partnership with dual incomes. Yet it’s easy to see why so many single parents are eager to purchase

Read More

How To Deal With Unsolicited Offers

If you’re one of those lucky people who own a home in a “hot” area, it’s a pretty sweet feeling. You made a good real estate call. If you decide to sell, all signs point to it being an easy

Read More

Homebuying And Mortgage Guide For Singles

Many people might picture homeownership as an event that happens only after two people get married and start a financial partnership. Some mortgages are still structured to reflect that idea. But

Read More