How Low Can Portland Metro Housing Inventory Go?

I started real estate in 2003. Only twice, has inventory hit 1.2 months: December 2015 and NOW! It rocketed to 19.2 months in January 2009. Inventory is the ratio of active listings to closed sales. If I had …

RMLS Market Action April 2017

Spring has sprung, maybe the rain will stop.  Portland remains one of the hottest markets in the country.  Over the past 12 months, the average sales price has increased 11.3%.  Demand is clearly outpacing supply and I don’t …

RMLS Market Action: February 2017

The latest Portland market update is out and the Portland Real Estate Market seems to be picking up, if only slightly. February saw a drop in closed sales, but an increase in activity as both new and pending …

RMLS Market Action: October 2016

The traditional seasonal cool down of the market seems to be taking shape in Portland. With the latest numbers in the RMLS Market Action, the winter season is typically a slower season in real estate as focus tends …

RMLS Market Action August 2016: Taking a longer look at the market

To some, the latest edition of the RMLS market action may look like the market might be on a downturn first glance, and it certainly does without context. Zooming out and taking a longer look at what the …

RMLS Portland Market Action: May 2016

Recently there has been a lot of suggestion that the red hot Portland real estate market may be cooling down a bit. People feel like they are seeing less activity on the market, more houses available, etc. Is …

RMLS Portland Market Action: April 2016

The Portland Market Action report from RMLS for April 2016 was just released, and may be a little early to speculate, but it could be quite the summer for real estate in the Portland Metro area if the market …

All We Wanted for Christmas was some Inventory

Realtors and homebuyers spent the holidays wishing for more inventory. They didn’t get it. The just released RMLS Market Action reports just 1.2 months of inventory for Portland Metro, the lowest level since 1999!  Metro is a five …

May 2015 RMLS Market Action Report

The just released May 2015 RMLS Market Action shows a 1.7 month inventory, which is the lowest we’ve seen in 10 years. In addition, average prices have increased and the market time has dropped to a staggering 55 days. …

The April 2015 RMLS Market Action

The April 2015 RMLS Market Action report for the Portland metro was just posted today. It covers the home sale data for the previous month – in this case, April. The data shows another drop in inventory in months. …