RMLS June 2014 Market Action Report

For the 3rd straight month in a row inventory in the Portland real estate market has been at 2.8 months, the lowest in 2014 (well, along with April & May of course) and the lowest since May 2013 which hit 2.5 months.

This is the June 2014 RMLS Portland Metro Area Market Action Report.

Other highlights from this report include a 4.2% increase in sales from the same month last year and the average sale price increasing a whopping 8.7% also from the same month last year; that’s huge!

As for our winners and losers in the appreciation area, SE Portland came in with an average appreciation rate of 14.6% for the month (though MT Hood was well over that at 20.3% and Columbia County with 22.1%, but, not *really* part of the Portland local market; so…must go to SE Portland). The loser for the month is West Portland at 6.%, which, is still a very healthy number even if it is the lowest for the month of June.

You can check out all the stats for the market yourself by downloading the report from the link above, the image in this post or here.

Your Portland Realtor, Scott McDonald

Everything. Portland. Real Estate. Blog.

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