Portland housing on the rebound

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Wednesday, March 27, 2013

Portland home values are on the rebound, with the average selling price of $287,700.

“It's always market dynamics, supply and demand. Supply is way down and demand is high,” said Brian Allen-Windermere with Cronin & Caplan. “Interest rates are low, so that's what's pushing prices up right now.”

Many realtors said they’re getting multiple offers on homes, which has also driven up prices.

Read more at KGW.

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