By Gabrielle Enfield, March 16, 2018
The numbers tell the story of Portland’s hyper-competitive real estate market.
Most notable is the inventory of available homes. A 3-month inventory is considered healthy, and that’s close to where the market was in January 2015, when the inventory of homes for sale was 3.4 months, according to the Regional Multiple Listing Service. By January of this year, the number had dropped to 1.8 months.
“When inventory’s tight, it makes for a challenging market to buy in, and it can leave people bewildered unless they have good support going through the process,” said Danielle Hale, chief economist for Realtor.com.