The Portland real estateÂ marketÂ finishedÂ May with 768 closed sales, which is upÂ from theÂ 712 closed salesÂ recorded in April.Â Of the 768 closed sales in May, 215 were distressed properties (foreclosures/short sales) representing 28% of the closed sales for the month.Â As of the end of May, distressed properties accounted for 24% of the active listings.Â There were 87 closed sales of homes valued over $500K during May and a total of 253 sales over the three month period of March â€“ May.
ClickÂ hereÂ to see the remainer of this update and an accompanying chart in my blog post on our website.Â I welcome your questions or comments!
Steve Thoele, Principal Broker
Keller Williams Realty-Portland Premiere
Portland Oregon Real Estate Blog
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