While home sales in the Portland market have been above average, in this week's report they dropped 4.0% to 771 homes sold over the last 30 days. In comparison, nearby Vancouver had 241 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $375,000 over the latest reporting period for Portland, down from $380,000. Despite the slip in sales, a relatively low two months of inventory indicates that Portland is a definite seller's market.
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