Inventory Eases But Not Much | Portland Inventory Report | May 2016

by | May 19, 2016 | Market Reports, Sales Reports

Inventory Eases But Not Much

The seller’s market eased up a little this month with new listings on the rise. Prices hit an all-time high in April with the average priced home in the metro area just below $400,000.

may inventory

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 active listings and 6 months of sold data from the RMLS to create this report.

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