Monday, November 15, 2010

The 2nd Leg Down Quietly Begins In Earnest: Portland Housing Market Liquidity All But Evaporates In October

The facts speak rather well for themselves here:

  • Sales DOWN 35.7%

  • Pending sales DOWN 21.5%

  • New listings DOWN 9.4%

  • Median prices DOWN 4.7% year over year

  • If a median Portland home buyer last year chased the $8k tax credit, they've already lost the entire tax credit, plus a cool ~$4k in one short year of depreciation

Source: The Oregonian