PORTLAND INVENTORY REPORT – MARCH 2009

by | Feb 28, 2009 | How to Guides, Uncategorized

I have put together this localized home inventory report to 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 and 6 months of sold data from the RMLS to create this report.

Trend: Detached homes close in are showing slight increases in inventory due to low sales volume in December, January and February. Condo inventory hasn’t changed much since January but it remains high due to more constrictive lending rules and over building.

Highlights: Ladds/Hawthorne, Overlook and Sellwood/Eastmoreland remain strong with lower inventory.
Gresham and Happy Valley are at 14.1 and 12 months respectively.

Detached Homes

PORTLAND
97214 – 5.0 months Ladds / Hawthorne
97217 – 6.0 months Arbor Lodge / Kenton
97202 – 4.9 months Sellwood / Eastmoreland
97212 – 5.5 months Irvington / Grant Park
97203 – 9.2 months St. Johns
97211 – 5.2 months Concordia / Piedmont
97218 – 9.5 months East and West Cully
97227 – 2.7 months Overlook
97213 – 4.9 months Rose City Park
97206 – 6.5 months Foster/Powell / Brentwood
97232 – 4.6 months Kerns / Laurelhurst
97210 – 10 months Nob Hill / NW
97219 – 8.9 months Multnomah Village / SW
97201 – 21 months Downtown
Gresham – 14.1 months
Happy Valley – 12 months
Beaverton – 8.6 months
Vancouver – 11 months

Condos

97232 – 7.2 months
97201 – 15.4 months
97209 – 19.4 months The Pearl District
97211 – 15.4 months
97210 – 11.1 months
97206 – 11.1 months
97212 – 27.6 months – Just over 2 years
97214 – 16 months
97203 – 15.4 months
97219 – 8.4 months
97202 – 11.1 months
97217 – 76.5 months = Just over 6 years

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