Bottom line – lot’s of homes for sale, prices down about 13% from January of 2008.  Buyers are moving back into the market with pending sales up 52% in January over the snowy December of 2008.  The total homes for sale is now over 14,000, which at the current rate, means a supply that will take 19 months to sell.

“Priced right and lookin’ good “ is the mantra to attract one of the savvy buyers looking to take advantage of a buyer’s market!

Check out the full story market-action-2162009 and find the numbers for your area of Portland.  And call us if you have questions interpreting this real estate market.  503-416-4177

Becky