The median home sales price in the Portland metro area finished the month at $213,700, down 9.1 percent from February 2010, according to the Regional Multiple Listing Service’s monthly Market Action report.
The average sales price for the month was $244,500, the lowest number since summer 2004. New listings hit 2,883 in February, down 26.1 percent from a year ago. Pending sales decreased 13.9 percent to 1,592.
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