Signs of Stability
[SinglePic not found]Housing market shows 12th consecutive monthly decrease in number of listed homes! The number of single family homes and condos listed for sale (according to MLS data) decreased in June 2009 from May by 2.1%, bringing the total number of active listings to 696,858, according to national real estate brockerage ZipRealty.
Follow this link to view the whole story:
Market Action
This June, same-month pending sales were up for the first time since December 2006 in the Portland Metro area, and inventory reached it’s lowest point since August 2007. [SinglePic not found]Comparing June 2009 with June 2008, pending sales were up 8.4% while closed decreased 5.4%. New listings dropped 18.3%. Inventory fell to 8.2 months, dropping for the fifth consecutive month and reaching it’s lowest point since August 2007.
Click here to see June’s Market Action Report:
Money Magazine Names West Linn and Lake Oswego in Top 100 Places to Live List
[SinglePic not found]Money Magazine named the top 100 places to live in the U.S. and West Linn was listed as number 64. With a population of 25,000 and one of the lowest tax rates in the metro area, West Linn’s charm and small town feel is getting the recognition it deserves. Of course Lake Oswego made the list at #74.
Find out more and view the complete 100 list at: http://money.cnn.com/magazines/moneymag/bplive/2009/top100/
Pending Home Sales On The Rise Again
<p style=”text-align: left”>According to the National Association of REALTORS, as of the end of April, pending home sales are now 6.7% higher than it was in May 2008. Pending home sales have also been rising for the past four consecutive months. Could this be the beginning of a change in the market?</p>
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<p style=”text-align: left”>Check out this article from REALTOR magazine to see all of the stats and trends:<a href=”http://www.realtor.org/RMODaily.nsf/pages/News2009070101?OpenDocument” target=”_blank”></a></p>
<p style=”text-align: left”><a href=”http://www.realtor.org/RMODaily.nsf/pages/News2009070101?OpenDocument” target=”_blank”>http://www.realtor.org/RMODaily.nsf/pages/News2009070101?OpenDocument</a></p>
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