August and That Means It’s HOT!

(And we’re not just talking about the weather)

Portland home sales are peaking.

According to the RMLS, June recorded the highest number of closings in the
last three years, and inventory hit a historic low in May.
Sellers benefit as pent-up demand, low inventory of homes for sale and low mortgage rates have
escalated the sale price of Portland area homes in the last year.

The average time Portland metro residential properties were for sale last month before receiving an
acceptable offer dropped to 21 days with many properties going pending within a day or two.