Friday, July 13, 2007

Portland April 2007 Home Sales

Portland area home prices inched up to a new record in April, proving the region's housing market continues to hold up better than most. Still, the market lost steam last month: Both the number of sales and the rate of price appreciation slipped below prior-month and year-ago levels, a real estate information service reported.
A total of 4,225 new and resale houses and condos closed escrow last month in the Portland-Vancouver-Beaverton metro area(see included/excluded MSA counties below). That sales total fell 2.4 percent below March and 7 percent below April 2006, according to DataQuick Information Systems of La Jolla, Calif. The firm tracks real estate trends nationally via public property records. Read more...