April 2010’s RMLS Market Action reports that inventory is down to 7.3 months.  All look back at over a decade of Aprils in Portland real estate inventory:

• 1999- 6.1 months
• 2000- 6.4 months
• 2001.7.2 months
• 2002-4.5 months
• 2003- 4.1 months
• 2004- 3.0 months
• 2005- 1.8 months
• 2006- 2.4 months
• 2007- 4.4 months
• 2008 10.3 months
• 2009- 11.0 months
• 2010- 7.3 months

My scan through the older reports shows that most, but not all months of May show lower inventory than the previous April.

Back to this month’s report:

Comparing April 2010 with April 2009, closed sales increased 49.1%.  Pending sales also jumped 60.8%, and new listings rose 23.8%…

The average sale price for April 2010 decreased 3.1% compared to April 2009, while the median sale price went down 4%.

There were 12,786 residential listing in the Metro area in April of 2000, a decade later there are 14,182.