NE Portland Oregon Market Statistics as of November 2007
Posted on: December 19, 2007
These market statistics are compiled by RMLS™ of Oregon and represent data collected up to November 2007.
The absorption rate for the Portland metro area is 8.3 months which is a slight decrease in inventory for the second month in a row.
Interest rates remain low. Freddie Mac reports the average 30-year mortgage rate as of December 13th to be 6.11%, which is down from the yearly average of 6.34%.
Written by Heidi Aspinwall, Broker for portlandrealestate.com.