Portland-area home sales up, prices down
- Steve Law
- Portland Tribune - News
Portland-area home sales were up 5.5 percent in February compared to a year earlier, but the median sale price was down 9.1 percent, according to the RMLS, a local home listing service.
The average sales price for homes sold in the Portland area last month was $244,500 - about where it stood six years ago, in the early stage of last decade's housing boom.
The median sales price on homes sold in February was $213,700; half the homes sold for higher prices and half sold for lower prices.
While sales have picked up so far this year compared to last year at this time, the number of properties on the market is lower than it was a year ago, and so is the number of new listings of homes placed on the market, according to RMLS.
Condo sales in the Portland area were relatively light in February, though the number of condos on the market has fallen from more than 2,000 a year ago to about 1,500 now.
The RMLS, which stands for Regional Multiple Listing Service, includes five counties in its calculations for the Portland area: Multnomah, Washington, Clackamas, Yamhill and Columbia. It does not include Clark County, Wash.