Portland home prices rise in December

The Portland real estate market tightened in December. The year ended on a strong note for sellers but tightening inventories spell uncertain times ahead.

The Regional Multiple Listing Service reports the average home price in December rose 3.9 percent to $290,000 while the inventory of unsold homes was the lowest December level since at least 2009, with enough homes on the market to meet current demand for just 3.6 months. That’s the lowest level for any month in at least three years, according…

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