The months of inventory (MOI) for the Portland Metro markets, including Washington, Multnomah and Yamhill County, continue to remain relatively steady from August to October. While the MOI across all price categories has dropped slightly since last month, the decreased MOI isn’t reflective of increased home sales. Instead, the slight decrease in MOI seen between September and October reflects the decrease in active homes on the market as sellers begin to withdrawal their listings through the winter months and holidays.
While most of our listings are beginning to see a decrease in showings, the … (2 comments)
The months of inventory (MOI) for the Portland Metro markets, including Washington, Multnomah and Yamhill County, have remained relatively steady through August and September as the summer rush of home sales has remained steady through both months. However, the increased MOI in September for homes priced between $1,000,000 and $1,999,999 is representative of reduced buyers in this price range. Typically, through the fall and winter, we forecast an increased MOI across all price ranges as many home buyers postpone moving between school years and the holiday season. Homes priced at $299,999 and below … (0 comments)
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