Market Update | Matthew Gardener

“Fourth Quarter home sales dropped by a modest 1.5% compared to the same period last year, with a total of 15,314 homes sold. Although sales were a mixed bag, I still contend that any drop in sales was due to low levels of available inventory rather than declining demand. The average home price in Oregon and SW Washington rose 7% year over year to $363,110. This is down 1.4% from the third quarter of 2017. This slowdown in price growth is likely due to buyers feeling priced out of the market.” 

  • Matthew Gardner, Windermere Chief Economist 
Posted on February 21, 2018 at 10:19 pm
MJ Steen | Category: Uncategorized | Tagged , , , , , , , , , , ,

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