PORTLAND INVENTORY STABILIZES
Over the last few months the Portland metro inventory has been hovering in the seven month range. While this is slightly higher than a balanced six months, prices have seen a slight increase. Expect inventory to go up over the winter and prices to come down as more banks sell property at discounts while individual sellers wait until spring to sell.
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. Full PDF of report