February 2014 Portland Real Estate Market Month End Numbers

So we’re now officially into March and all of the February Portland real estate tracking numbers are in.

Most everything is up across the board, new listings are increasing, however the inventory is staying about the same because pending sales and closed sales are also increasing:

 

Of course at the end of February we had a very normal large spike in cancelled, withdrawn and expired listings…Again, completely normal for the last day of the month.

We’re also seeing an increase in Bank Owned / Foreclosure listings as well as closed REO / Foreclosures:

 

Short sale listings, thankfully, are declining a bit, however short sale closed sales are slightly increasing:

 

New Construction listings and closed sales are also on the rise heading into March:

 

Overall it’s shaping up to be a healthy spring…I don’t know about you, but I’m seeing new blooms popping up in the yard this last week…Looking forward to the coming (soon?) top off weather!

…Referencing my Jeep folks…

Here’s the Year to end of February Portland Real Estate market report for those that want to look at it more closely.

Your Portland Realtor, Scott McDonald

Everything. Portland. Real Estate. Blog.

 

 

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