Speed was, again, the name of the game in Portland's bustling residential real estate market in the first quarter.
The average number of days that Portland-area homes spent on the market dropped 15 percent from the same period in 2014. It took the 5,734 homes that sold in Q1 an average of 78 days before changing hands, a large drop from the 92 days it took in Q1 2014.
Thirteen of the 25 ZIP codes that saw homes sell the fastest fall inside Portland's city borders, while 12 live inside nearby suburbs.
The 25 fastest-selling ZIPs accounted for 39 percent of all home sales that took place in Portland in the first quarter.
We also counted down the neighborhoods that saw the most sales in Q1 and the neighborhoods with the highest average home sale price.
Click through the gallery above to see where your neighborhood/ZIP code ranks.
Data for the report is provided by Regional Multiple Listing Service, a company that home sellers use to register properties up for sale.
Editor's note: To ensure quality of this ranking, we only included ZIP codes that had at least 30 home sales in Q1 2015.
- Mason Walker Interactive Editor- Portland Business Journal
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