Portland Inventory Report by Zipcode – Year End 2008

by | Dec 22, 2008 | How to Guides, Uncategorized

Here is your Year End 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 holding at a seller’s market level of inventory with many sellers waiting until Spring to list. Condo inventory continues to go up in many areas due to more constrictive lending rules and over building.

Highlights: 97227 – Overlook has only 1.7 months of inventory of detached homes.
97217 – Arbor Lodge, Kenton, Hayden Island has 7 YEARS of condo inventory.

Detached Homes:
97214 – 3 months Ladds / Colonial Heights / Hawthorne – This area also clearly favors sellers
97217 – 4.2 months Arbor Lodge / Kenton
97202 – 3.8 months Sellwood / Eastmoreland / Abernathy
97212 – 4.4 months Irvington / Grant Park
97203 – 5.6 months St. Johns
97211 – 4.8 months Concordia / Piedmont
97218 – 6.5 months East and West Cully
97227 – 1.7 months Overlook
97213 – 4.7 months Rose City Park
97206 – 5.2 months Foster/Powell / Brentwood
97232 – 4.4 months Kerns / Laurelhurst
97210 – 7.3 months Nob Hill / NW
97219 – 6.7 months Multnomah Village / SW
97201 – 12 months Downtown

Condos
97232 – 6 months
97201 – 9 months
97209 – 11.3 months The Pearl District
97211 – 22.4 months – Almost 2 years
97210 – 11.9 months
97206 – 12.9 months
97212 – 12 months
97214 – 13.8 months
97203 – 9.6 months
97219 – 7.8 months
97202 – 7.7 months
97217 – 84 months = 7 years

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