November's Months of Inventory for the Portland Metro Markets
|
Price Category |
Active Listings |
Pending Listings |
Months of Inventory (Active/Pending) |
$0 - $199,999 |
415 |
407 |
1.019 |
$200,000 - $299,999 |
820 |
1402 |
0.584 |
$300,000 - $399,999 |
718 |
1088 |
0.659 |
$400,000 - $499,999 |
443 |
515 |
0.860 |
$500,000 - $749,999 |
698 |
493 |
1.415 |
$750,000 - $999,999 |
317 |
126 |
2.515 |
$1,000,000 - $1,999,999 |
261 |
74 |
3.527 |
$2,000,000 & Up |
77 |
11 |
7 |
TOTAL |
3749 |
4116 |
0.910 |
December's Months of Inventory for the Portland Metro Markets
|
Price Category |
Active Listings |
Pending Listings |
Months of Inventory (Active/Pending) |
$0 - $199,999 |
387 |
316 |
1.224 |
$200,000 - $299,999 |
667 |
1110 |
0.600 |
$300,000 - $399,999 |
569 |
807 |
0.705 |
$400,000 - $499,999 |
391 |
389 |
1.005 |
$500,000 - $749,999 |
645 |
382 |
1.688 |
$750,000 - $999,999 |
273 |
106 |
2.575 |
$1,000,000 - $1,999,999 |
239 |
61 |
3.918 |
$2,000,000 & Up |
66 |
6 |
11 |
TOTAL |
3237 |
3177 |
1.018 |
From November to December, the Portland Metro markets, including Washington, Multnomah and Yamhill County, saw an increase in months of inventory (MOI) in all price categories. The increased MOI reflects the decline in inventory. While December saw a slower real estate market with higher MOI, January has seen more Buyer activity while inventory has remained comparatively low.
The coming months promise a lower MOI with Buyer activity building. Even as inventory grows throughout the spring and summer, MOI is expected to stay low despite increased Federal Interest Rates as 2016 is forecasted to see the return of a robust real estate market.
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