Home prices in Portland continue to rise, with the average home now selling for 8.7 percent more than in 2013, according to a new report by real estate research firm RMLS.
The average selling price of a home for the first half of 2014 was $328,900, up from a year ago when the average was $302,700.
Realtors are also closing more deals. In June, there were 2,617 closings, which represents a 4.2 percent increase over the 2,511 closings from June last year. This year saw the strongest June for closed sales in the region since 2007 when there were 2,731 closed sales.
There were 20,248 new listings in the first half of 2014, up 4.4 percent compared to the first half of 2013.
*courtesy of the Portland Business Journal
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