The March 2015 RMLS Market Action report released Monday shows the Portland Metro housing inventory at 1.9 months! It hasn’t been that low since September 2005. The number of homes listed has been rising over recent months but that is counter balanced by even more rapid sales which pushes the inventory ratio down.
The Portland metro for this report includes five counties – from Yamhill to Clark. While some areas saw a very low inventory – including 1.1 months in the Beaverton/Aloha area, 1.3 months in NE Portland, and 1.5 in SE Portland, other areas such as Mt. Hood and Yamhill County were considerably higher at 5.8 and 4.1, respectively. Below is a heat map showing the region’s inventory level by zip code.