Portland Inventory Report | February 16, 2011

by | Feb 21, 2011 | How to Guides, Market Reports

Inventory Jumps to 11 Months – Mirrors Last Year

Inventory jumped to over 11 months in January mirroring the slow start we had in 2010. The low point in closed sales in January and the end of the moratorium on foreclosures which has become a seasonal norm led to the jump in available homes. Many national indices are predicting a single digit drop for the Portland Metro in 2011. Expect more investor activity as rents stay strong and prices remain attractive.

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. PORTLAND INVENTORY REPORT 021511

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