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Home sales slide, values hover

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Tuesday, April 01, 2008

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Residential sales plummeted 35% in Central Oregon and 10% in the mid-Willamette Valley during 2007. In the Portland Metro area, new listings climbed 8% but closed sales fell 13%, while in Clark County, Wash., and Lane County, closed sales dropped 26% and 12%, respectively. Nevertheless, median sales values grew 19% in Portland, and more than 20% in Central Oregon and the mid-Willamette Valley. Nationwide, 2007 home values remained relatively flat compared to 2006.

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