Portland area homes for sale: The market ‘appears to be leveling out’ as prices jump $1,000 in a month


Some Portland area brokers are experiencing fewer showings, longer sell times and residential properties under contract bouncing back onto the market despite an anemic level of homes for sale and average fixed mortgage rates at 2.86%. Has panic buying and zealous bidding finally reached a stopping point?

The third quarter “appears to be leveling out,” said Adriana Focke, principal broker and owner of Check Point Realty in Portland.

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