Despite slowed job growth and slowed sales, Portland, Oregon, has seen a healthy rise in average sales price over this time in 2006. It is currently reported around $334,000.
Diana Allmer, a real estate expert and principal broker in the Portland, Oregon region notes that "home listings have decreased" considerably -- at 25.7 percent -- since last year.
Days on market are longer as well.
She goes on to report to Realty Times that "at the current level of listings and sales, ... inventory would last 8.6 months, compared to an inventory of 4.5 months in September of 2006 and 1.9 months in September of 2005. That's a significant increase for sure, but it is actually more in line with the years preceding ... "boom" years."
CNN Money ranks the city in the top of those in the state of Oregon, with median family household income in the upper $50,000's.
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