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My favorite local real estate economist, Mathew Gardner, just released his 1st quarter report for Oregon and SW Washington. I truly appreciate how he can take a complex picture and present it in an understandable and tidy format.
Some of his highlights:
- Oregon added 43,700 new jobs over the past 12 months.
- First quarter home sales dropped 0.8% compared to the same period last year.
- Average home prices in the region rose 9.9% year-over year.
- Washington County led the region with the shortest average days on market of 36. Clatsop and Tillamook Counties were last averaging 159 days on market.
Click on the following link to read this informative piece and see how the real estate economy is impacting your specific area.
