The real estate market in the Portland Metro area continues to improve, according to the Regional Multiple Listing Service.
All measures of real estate activity for August are positive when compared with August of last year.
The month saw 2,300 closed sales -- the highest number in a single month since 2007.
Pending sales were strong, boding well for the next few months. And new listings also rose seven percent, compared with last year.
The Regional Multiple Listing Service reports that prices also appear to be stabilizing and showing improvement. The average price for a home in the Portland area stands at about $271,000 -- that's 2.7 percent higher than in the same period last year.
The total time the average home was on the market also dropped 20 percent over the last year. It stands at 16 weeks and five days, compared to 20 weeks and six days.
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