Lennox in the Media Market Update Real Estate Trends

‘Sold out’: Despite lively market, home sales drop in 2017

Photo courtesy of Elliot Njus, The Oregonian

Elliot Njus | The Oregonian

Amid an energetic real-estate market, complete with bidding wars and steeply rising prices, the number of homes sold in the Portland area dropped in 2017 – the second annual decline in a row. …Portland saw a typical surge in sales activity early in the year, said J. Lennox Scott, the chief executive of Seattle-based John L. Scott real estate. But the inventory of homes remained smaller than the year before. “We’re virtually sold out,” he said.

Click here to read the full story

Related posts

September Market Updates available

jlspr

Lack of affordable housing affecting local economies

jlspr

Life events are moving the real estate market

jlspr