Portland Existing Home Sales Forecast
With two months of 2008 in the books I thought it would be a good time to start forecasting year end numbers.Real estate sales are seasonal yet predictable. Typically 10% to 13% of the annual sales occurs in the first two months of the year. With this we can estimate the annual sales for 2008.The percent of total sales that occurred in the first two months are as follows:2005 10.5%2006 11.9%2007 12.6%…
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