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Date of Show:Tue 16th August
With a further indication of the direction in which the state economy is moving, Steve Best reports on the latest monthly home sales figures for Portland…
According to a report, home sales for July in the Portland metro area were up on the same month a year ago, but sales are still down for this year so far.
Home sales for July were 21 percent up on July 2010, but so far closed sales are down 4-point-3 percent compared with the same period last year.
Although new for-sale listings dropped over 6 percent from June to July, the inventory of homes – which indicates how long it would take to sell all the homes on the market – jumped from 6 months to 7 months. That is still better than July 2010, when the inventory was 10-point-8 months.