Another month, another dose of rising home prices across Portland area

Sixities home

Home prices continued to rise in June and the number of properties on the market in the Portland area remains very low, but there are signs the real estate market may be loosening, according to the latest monthly report from the Regional Multiple Listing Service.

The 4,501 new listings last month marked a 5.2 percent year-over-year increase and the most June listings since 2008. And for the third straight month, the number of closed sales decreased compared to the same month in 2015 – 3,158 this year versus 3,302 last year. Pending sales also saw a year-over-year decline of 6 percent. For the rest of the story CLICK HERE!