Inventory Drops Again | Portland Real Estate Inventory Report | November 2014

by | Nov 18, 2014 | How to Guides, Market Reports

Inventory Drops Again

Inventory continues to move to even lower levels.  According to RMLS, pending sales are down 2.8% from the previous month but new listings are down 7% which is keeping inventory very tight.

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.

pkhi

 

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