Prices are down, but sales are up. That is the Portland real estate market in a nutshell. From June 2009 to June 2010 prices are down 4%, which is not bad considering the rest of the country, and how many short sales and bank owned homes are in our market. The good news is that with prices dropping people have been buying houses. They may be first time buyers spurred on by the tax credit, or maybe they were moving up or down, but getting more house for their money, and more seller concessions. Below is the map with the median sale prices for the Portland Metro Area.
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