According to the S&P/Case-Shiller Housing Index released on Tuesday, Portland’s residential real estate market showed better numbers in May than in previous months in 2010. The market also out-performed May 2009, showing both year-over-year and month-to-month improvement.
The Portland index grew 0.7 percent from May 2009 to May 2010, and 1.2 percent in May compared to April 2010.
While it’s too early to declare any major recovery from these numbers, especially considering the fact that they likely reflect the continued impact of the homebuyer’s tax credit on real estate transactions finalized before the end of June, it’s still refreshing to see positive numbers in the meta market. It’s all about confidence in the system, and these numbers – while slightly bolstered by government stimulus – are bound to make people a bit more confident in the Portland area market. It really is a great time to buy OR sell Portland homes, and the McDonald Group has the tools to increase your confidence and close the deal, even when other people are anticipating a return to pre-tax credit sales. We do things differently at the McDonald Group – including seeing the positive in the Portland numbers.
