Beaverton and Aloha Oregon Market Statistics as of March 2008

Posted on: April 16, 2008

These market statistics are compiled by RMLS™ of Oregon and represent data collected up to March 2008.

The absorption rate for the Portland metro area is 9.1 months. Sales were up 22% in March from February; although, closed sales are down 39% when comparing March 2008 with March 2007.

Interest rates remain low. Freddie Mac reports the average 30-year mortgage rate as of April 10th to be 5.88%, which is still less than the 2007 yearly average of 6.34% and last month’s 6.13%.