Market Statistics for June 2009 in the Portland MLS
Posted by Gerry Mains - Managing Broker on Monday, July 20th, 2009 at 2:42pm.The Portland market warmed up a little bit with the wonderfully sunny weather we've been enjoying and the continued low interest rates that are available.
Here's some highlights from the report:
"This June, same-month pending sales were up for the first time since December 2006 in the Portland metro area, and inventory reached its lowest point since August 2007.
Comparing June 2009 with the same month in 2008, pending sales were up 8.4%, while closed sales decreased 5.4%. New listings also dropped 18.3%.
The average sale price for June 2009 was down 14% compared to June 2008, while the median sale price also dropped 13.5%."
Please contact us if you would like more market statistics and information.
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The Nashville Tennessee real estate market seems to be going through a similar summer resurgence. Homes in the $250,000 and under price range are actually getting into occasional bidding wars. Homes that are listed above the local FHA loan limits of $417,000 are still seeing very slow activity due to the lack of available financing...and homes over $1M are really seeing a huge market correction.
All in all its a great time to be a cash buyer in Nashville!
Gary
RE/MAX Elite
Posted on Saturday, July 25th, 2009 at 1:45pm.