My friendly marketing rep from Chicago Title compiled and emailed my some stats on the Portland real estate market this week, I thought I'd pass them along. Thanks Erin Noe!
Single Family Residential:
15% of homes were 3 bedroom or more- Average Price $264,976
37% closed in 30 days or less
26% closed in 121 days or more
50% of buyers used conventional financing
28% of buyers used FHA financing
10% rise in closing from March to April
Condos:
21% of condos sold between $200,000 and $249,999- Average Price $245,552
36% closed in 121 days or more
29% closed in 30 days or less
53% of buyers used conventional financing
21% of buyers used cash
Closing were up from March to April
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