Sales Volume Picks Up
838 homes were sold in Portland in October, up from 702 in September. The number of homes sold in the last month bounced back due in part to interest rates dropping and inventory rising which makes the market more favorable to buyers than it was in the summer.
Wild cards: Government shutdown was short enough that it didn’t affect the mortgage market. New lending rules could make Q1 in 2014 shaky.
I’m predicting around 800 closed sales in Portland (RMLS areas 141, 142, 143 & 148) in November.