There is no denying we here in Portland are in a hot market. Things were a little slower as the holidays approached, but no rain nor sleet nor snow was stopping home buyers in December 2015!
The 2,710 closings represented a 21 percent increase over the previous December and a 25.9 percent increase over November 2015. Overall, closed sales rose 20 percent in 2015 compared to 2014.
The average sale price in 2015 rose 6.5 percent higher than the previous year, from $333,000 to $354,000. The median sale price increased by 7.9 percent, from $285,500 to $308,000.