Here is your Fall 2008 update to inventories by zipcode. This 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. If I missed your area just let me know and I’ll add it in.

Trend: Detached homes close in are trending in favor of sellers with many sellers waiting until Spring to list. Condo inventory continues to go up in many areas due to more constrictive lending rules.

Detached Homes:
97214 – 2.8 months Ladds / Colonial Heights / Hawthorne – This area also clearly favors sellers
97217 – 3.7 months Arbor Lodge / Kenton
97202 – 3.7 months Sellwood / Eastmoreland / Abernathy
97212 – 4.9 months Irvington / Grant Park
97203 – 5.7 months St. Johns
97211 – 4.4 months Concordia / Piedmont
97227 – 2.1 months – Lowest inventory in the city! Overlook
97213 – 5.5 months Rose City Park
97206 – 5.4 months Foster/Powell / Brentwood
97232 – 4.6 months Kerns / Laurelhurst
97210 – 6.8 months Nob Hill / NW
97219 – 6.4 months Multnomah Village / SW
97201 – 11.8 months Downtown

Condos

97232 – 4.8 months
97213 – 11.7 months
97209 – 9.4 months The Pearl District
97211 – 19 months
97210 – 10.9 months
97206 – 9.8 months
97212 – 11 months
97214 – 13 months
97203 – 13.2 months
97219 – 8.5 months
97202 – 8.2 months
97217 – 44 months – Wow, this area was clearly over built
97201 – 9 months