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 25+ years in the industry, Mark has gained experience in....

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