Portland Inventory Report | August 25, 2011

by | Aug 25, 2011 | How to Guides, Uncategorized

Inventory Remains Balanced

Inventory is currently at 7 months, just above the balance point of 6 months. Although prices are down about 7% year over year we are seeing month over month increases which are largely seasonal. An increase in pending sales and a sharp drop in new listings are creating this lower metro inventory. A balanced market means that there is no specific advantage for buyers or sellers.

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 property 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.

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