Portland Inventory Report | January 2014

by | Jan 20, 2014 | How to Guides, Market Reports

Inventory Continues to Drop

Inventory of homes continues to drop in the close-in market, sending prices even higher. Multiple offers are happening frequently with so few properties for buyers to choose from. I’m expecting sales to pick up earlier than normal this year given the demand. Wait for home prices to grow in the double digits again in 2014 on the back of a 13% gain in average price in 2013.

inventory graph

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.

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