During February, Homes in the Great Portland region continued to sell at their slowest pace in at least the last 15 years. Another amazing statistic is the fact that nearly one out of every five buyers in the resale market chose a foreclosure.
The overall median sale price, which has held up better than in most housing markets in the West, inched up from January but still fell short of the year-ago level for the 11th consecutive month, according to DataQuick, the San Diego-based real estate information service.
Foreclosure resales are homes that have resold after having been foreclosed on in the prior 12 months. According to DataQuick, foreclosures accounted for about 18 percent of all Portland area resales in February. That’s well below levels seen in some other major Westerm markets where foreclosures account for half or more of all resale activity.




