Oregon City - Canby Market Statistics for April 2007

Posted on: May 18, 2007

These market statistics are compiled by RMLS™ of Oregon and represent data collected up to April 2007.

The absorption rate for the Portland metro area, including Oregon City and Canby, is 4.4 months, which is down from the two-year high of just over six months in January 2007.

Interest rates remain low. Freddie Mac reports the average 30-year mortgage rate as of May 10th to be 6.15%, as compared to the 6.35% Freddie Mac reported in February.

Contributed by Heidi Aspinwall, Broker for portlandrealestate.com