Analysis of RMLS Monthly Report

The Regional Multiple Listing Service (RMLS) reported that the Portland region’s median home price ticked down to $239,000 in November, reaching its lowest level since June 2005. That's a 20.9% drop from the August 2007 peak of $302,000. While that's not good news, there were some positive aspects of the report. Sales were up a record 72% in November compared to a year ago. Sales only could come up from 2008 though, but any good news should be celebrated!