Monday, September 16, 2013

Housing Markets Throughout the State

Home sales in Hood River County hit new heights this summer, exceeding the bubble-induced market of 2006 and 2007. Regional Multiple Listing Service (RMLS) reported home sales through July of this year reached 150 units, just ahead of 2007's 148 units. The value of sales was $47 million, with an average home price of $315,900. 

In neighboring Wasco County, 146 home sales were closed through July 2013 with a total value of $23.9 million and an average price of $164,000. Like Hood River County, sales were up rose substantially 2012, climbing by 24 percent. For more information on home sales in the Mid-Columbia and Columbia Basin regions, check out the full article from Regional Economist Dallas Fridley.

Housing markets in other areas of the state have seen improvement as well. From August 2012 to August 2013, home sales in the Portland metro area were up 13.6 percent based on a report from the RMLS. The average sales price is up 14.1 percent, at 309,200. Last year the average price was $271,000. The current median sales price is about 265,000 -- an increase of $35,000 from the last year. More information about the Portland metro area housing market can be found in the full article from The Oregonian.

In Lane County, the number of sales and prices are also up from a year ago. In August there were 408 closed sales, which was the best August since 2007. The median price of homes sold was $215,00 in August, up 15 percent from last year. For more information, check out the full article from The Register-Guard.

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