jumbo loans: Portland Inventory up + Interest Rates stable = Buyers market? Not so fast.... - 02/18/08 03:16 AM
News broke this past Friday that inventory had skyrocketed to 12.8 month in the Portland Metro area, the highest level since 2000. For the previous 4 months we've been hanging in around 8 months which is just on the buyers side but not too much. The tipping point is considered to be 6 months.
Like many other people this new inventory report was a bit shocking to me. So I ran my own numbers based on detached homes in close in neighborhoods. I looked at inventories based on the last 6 months of sales and here are the results:
Detached homes:97202 … (0 comments)