Uncategorized April 2, 2013

Flash Sales Put PDX Among Fastest-Selling Markets in USA

Portland ranks among the leading cities for homes that sell in 24 hours or less. Portland ranked 10th in the nation for "flash sales," a measure of the speediness of its residential real estate market.

Redfin Realty, a Web-based real estate firm, reports 115 Portland-area homes sold in less than 24 hours in the past five months, a phenomenon it terms “flash sales.”

“Real estate is just the latest facet of the numbers that has sped up to the point where the biggest purchase of one’s life can be completed in a matter of hours,” Redfin said.

Read the whole BizJournal story.