Entry Levels Homes Still Dominate Portland Market

In January of 2010 there were 1,010 homes sold. 552, or 55% of those were for under $250,000, which is considered the lower or entry level market. This trend has been progressing, and bumped up by the First Time Home Buyers $8000 tax credit. A year ago, January 2009 50% of homes sold were in that price range, and in January 2008 40% were sold for under $250,000. As the price ranges get higher the number of buyers gets small, showing that the move up and luxury markets are still struggling. For instance, on 23 homes priced $751,00 and up were sold last month, compared to January 2008, when 59 sold.