Real Estate Market

Tuesday, September 19, 2006
Houses are sitting on the market for a longer period of time, the market is shifting from a seller's market to a buyer's market, and interest rates have gone up. Appreciation continues to steadily increase, and the average home in Portland is sold this past August for 328K. That's up 28K from August 2005. The market is cooling, but it won't be long before it picks back up again. Lots of out-of-staters are buying here, and that continues to keep the market strong.

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--Karli

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