Portland homebuying slows

Portland homebuying slows

The fast-paced real estate market has slowed slightly in Portland.

In Portland, 31.8 percent of homes were under a sale contract within two weeks in July, down from 36.4 percent in June.

The company attributes the slowdown to buyer exhaustion from the seller's market of the past year, in which would-be homeowners have found themselves racing to make offers and forced into bidding wars over the slim supply of properties on the market.

Read more at OregonLive.com.