NE Portland Oregon Market Statistics as of September 2007
Posted on: October 16, 2007
These market statistics are compiled by RMLS™ of Oregon and represent data collected up to September 2007.
The absorption rate for the Portland metro area is 8.6 months; the highest rate since January 2000 when inventory reached 10.1 months.
Interest rates remain low. Freddie Mac reports the average 30-year mortgage rate as of October 11th to be 6.4%, which is slightly greater than the yearly average of 6.38%.
Written by Heidi Aspinwall, Broker for portlandrealestate.com.