Portland Area Housing Inventory Down for 6th Straight Month

August13

Local Portland Oregon housing inventory was down to 7.3 months for the month of July 2009!!!  This is the 6th consecutive month of lower inventory of homes for sale, down from 10 months in July 2008 and down from 19.2 months in January 2009!!!  This coupled with the national lower unemployment figures and other recent positive economic indicators leads me to conclude we could be near the “bottom” and nearing the end of our recession.  That does not mean that we don’t have some more “repair work” to do.  I do believe it’s going to take some slow, steady re-building to fully rejuvenate our real estate market.  But, every little positive piece of the puzzle is welcome! To see full market statistics, please visit:  http://bit.ly/JulyMarketStats

 

About the Author | Janeese Jackson

My job is service...service to you and your real estate transactions! How can you benefit from my 25+ years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!

Leave a Reply

*

Live Comment Preview