The Wu Team's Take on the Market Condition
Portland, OR
Wednesday, August 7th, 2019
This week the median list price for Portland, OR is $549,000 with the market action index hovering around 44. This is an increase over last month's market action index of 45. Inventory has held steady at or around 2032.
Market Action Index 44 - Slight Seller's Advantage
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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This information is provided in Compliments of Fidelity National Title Company
