Data: April 30, 2007

Source: RMLS Area Report Metro Portland & Adjacent Regions

Commentary on the Portland Real Estate Market:

The Portland real estate market in April 2007 grew another 11.1% for from the same period in April last year. This follows the similar trend we’ve seen in the last few months. We’re still seeing some healthy appreciation overall. Closed sales increased 1.4%, but the number of new listings also grew 23% and pending sales dropped about 7%. At this point, our inventory will last approximately 4.4 months.

Undoubtedly, price increase is going to slow down in light of the increased inventory. Having said that, the Portland real estate is still stellar as compared to the national average at 2.9%.

Despite our cautious tone, we still estimate that the 2007 real estate market will continue to be strong for Portland. We are projecting a growth rate at around 10% throughout the year instead of the 17% of the last few years. Call us and find out more about the Portland real estate market. We have specific strategies to guide both buyers and sellers.

To search for your home in anywhere in the Metro Portland area, use our FREE Portland Home Search tool. For more information about living in Portland and finding your dream home, call Max at (503) 805-5173, Toll Free (877) 629-5825 or email.

Learn about our Exclusive VIP Portland Buyer Services. Contact Max now. Make informed decisions; make smart choices. Call Max now at (503) 805-5173 or Toll Free (877) 629-5825 ext. 7.

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Call us at 503-805-5173 (cell) or email us to see how we can help you with your home buying and selling needs.