PORTLAND REAL ESTATE INVENTORY REPORT | June 19, 2013
Inventory Hits Lowest Point Since June 2006
The low inventory numbers are continuing to drop across the board which is making Portland a severe seller’s market. As summer starts the number of new listings is beginning to pick up but buyer activity remains so strong inventory continues to drop. This should keep inventories low into the summer with prices continuing to appreciate.
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.