RMLS Market Action July 2010

RMLS July 2010 Portland Metro InventoryRMLS Market Action for the Portland metro area was released on Friday.  Metro area inventory spiked to 10.8 from June’s 7.3.  The increase comes from both a rise in active listing and a slow down in closed sales.

I’ve also started to break down inventory by RMLS area for Portland.  Five areas make up Portland and we can see that they do not mirror the larger metro market other than they are all increasing.  City of Portland inventory, at 9.3, is a month shorter than the Metro but the smaller neighborhood areas lag or lead the city and metro rates.

July 2010 Portland Housing Inventory

Median sale prices are down from July 2009 but active sales prices are up.RMLS July 2010 Portland Metro Stats

2 Comments on “RMLS Market Action July 2010

  1. Could you provide the active listings at the end of June and July so we can see the amount of increase?

  2. North Portland
    May June July
    502 523 559

    NE Portland
    May June July
    1094 1109 1141

    SE Portland
    May June July
    1420 1460 1502

    West Portland
    May June July
    1850 1882 1958

    NW Portland
    606 624 647

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