PORTLAND REAL ESTATE INVENTORY REPORT | May 15, 2013
Inventory Hits New Low – Prices up 20%
The low inventory numbers are holding across the board which is making Portland a severe seller’s market. Now into Spring the number of new listings is starting to pick up but buyer activity remains so strong inventory continues to drop. This should keep inventories low into the summer with prices continuing to appreciate.
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.