776 homes were sold in Portland in June, down from 875 in May. I had predicted 700 sales and was happily surprised to see sales 10% better than expected.
Wild cards: June was better than expected but July showings were down as good weather finally came to Portland and people headed out of town for summer vacations.
I’m predicting around 650 closed sales in Portland (RMLS areas 141, 142, 143 & 148) in July. Seasonally speaking, average prices generally start to drop after the summer peak, bottoming out in winter, with sales slowing I expect this trend to begin.
PORTLAND sales volume 080110