Top 5: PDX home prices dip below $240000 for first time in 4 years OregonLive.com (blog)
Top 5: PDX home prices dip below $240,000 for first time in 4 years By Ryan Frank, The Oregonian December 15, 2009, 4:16PM Sorry for the late post. Got a story tip? ryanfrank@news.oregonian.com; 503-221-8519.1. PDX home prices dip below $240,000 for first time in 4 years: RMLS reported today that the Portland region’s median home price ticked down to $239,000 in November, reaching its lowest level since June 2005. That pushes the market to a 20.9 percent drop from the August 2007 peak of $302,000. On the bright side, the number of closed sales is holding up unseasonably well this fall. Sales were up a record 72 percent in November compared to a year ago. That’s impressive but not terribly surprising given the plummet in sales after Wall Street collapsed last fall and the federal incentives offered this fall. What’s a tad bit more revealing is that sales are flat when you compare the last three months to the previous three months. That’s much
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