Monday, March 10, 2008

Portland Still Experiencing Positive Growth

Last week the Standard & Poors/Case-Schiller Home Price Index figures indicated that three of the twenty metropolitan areas tracked experienced positive (if moderate) growth. Namely: Portland, Seattle and Charlotte.

Portland is only one of three MSAs still experiencing positive annual growth rates. Portland has been holding strong with median home prices increasing month after month. Fourth quarter 2007 saw a 1.8% increase to $290,500 from $285,400 a year prior. “We have a positive economic atmosphere in our area. The current median sold price is up, due to a greater ratio of sales on the higher end,” says Jim Homolka, President of RE/MAX Equity Group, Inc.

I don't know that this is GREAT news, but we'll take it and hope for the best.

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