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.