RMLS Market Action September 2009

RMLS Market Action September 2009 was released today (Portland Metro or whole report).  Inventory dropped slightly from August which contrasts with rises month-over-month in 2007 and 2007 between August and September.

Cumulative days on market is 144 days but a quick search in RMLS shows that 243 properties sold in the last two months with days-on-market of seven or less in Portland. Area-wise: North Portland averages 89 days, NE Portland 84 days, West Portland 152 days, and SE Portland 228 days.  A unit in the South Waterfront’s John Ross recently closed that was 1382 days on market.