1 in 7 Portland-area homes sold in less than 3 days, report says

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A home for sale in the Concordia neighborhood. (The Oregonian)

Elliot Njus | enjus@oregonian.comBy Elliot Njus | enjus@oregonian.com 
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on April 03, 2014 at 4:20 PM, updated April 03, 2014 at 4:21 PM

The real estate market may not quite be as competitive as a year ago, but the Portland area is still among the fastest-moving.

new report compiled by the brokerage Redfin found that 14.5 percent of metro homes listed for sale in March, or about one in seven, were under a sale contract within three days.

That makes Portland the fourth-fastest market of the 20 where Redfin operates. Topping the list is Denver, where 27 percent of homes are off the market in three days, followed by Austin, Tex., and Seattle.

The March rate in Portland is actually a little slower than a year earlier, when 16.6 percent of homes sold in three days.

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About PortlandHouseListings.com - Tom Ramsey, local Realtor

Local Portland Realtor with 10 years experience specializing in residential sales and investment property. Tom Ramsey Oregon Real Estate Principal Broker John L Scott Real Estate Phone: 503-481-0501 tomramsey1@gmail.com www.PortlandHouseListings.com
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