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Market Report for March 2010–Portland Heights

With 78 current listings and two closed sales in March, theB Portland Heights Neighborhood is averaging 2% sell through on homes sold. With this pricepoint, the 75th percentile shot up to $2.5MM, with a median of $1.45MM and a 25th percentile of $400k–quite a swing. Overall in Portland, listings fell from 12+ months to just over 7.5 months of inventory in March. Homes are closing at an average of 84% of the most recent list price. We’ll see what happens in April as listing season kicks into high gear!

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