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“Local” Portland Inventory Lower then “Metro” Portland

When RMLS released the May 2012 Market Action report last month it was hard to ignore 4.2 months of inventory as being the lowest it has been post-bubble.  That 4.2 months represents the Portland Metro area, which for …

RMLS Reports Lowest Portland Inventory Since June 2007

RMLS has released the year end December 2011 Market Action report.  Portland Metro inventory is 5.3 months.  This is the lowest inventory level since June of 2007 (5.0 months).  Inventory is the ratio of the number of closed …