Close-in Market Still Under One Month | Portland Inventory Report | October 2015

by | Oct 19, 2015 | How to Guides, Market Reports

Close-in Market Still Under One Month

Interest rates have dropped close to historic lows and fewer homes will be listed for sale this Fall and Winter. Expect these trends to keep inventory low in Portland. Metro inventory levels stayed at 1.9 months in Portland in September. We should continue to expect strong buyer activity, as interest rates are still at low levels, and current pending and closed activity remains high. Portland continues to be a magnet city with people relocating from more expensive markets such as San Francisco and NYC.

This localized home inventory report helps give context to the metro statistics that often make headlines. Real estate is a local affair and this report shows which parts of town and which types of properties are selling and which ones are sitting. Inventory is figured in months with 6 months being balanced, less than 6 months favoring sellers and more than 6 months favoring buyers. I use current active listings and 6 months of sold data from the RMLS to create this report.

sv1

 

0 Comments

Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

CDC’s COVID-19 Eviction Moratorium

CDC’s COVID-19 Eviction Moratorium

In an effort to prevent the spread of COVID-19, CDC Director Dr. Robert Redfield signed a declaration determining that the evictions of tenants could be detrimental to public health control measures to slow the spread of SARS-Cov-2, the virus that causes COVID-19. ...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington