Kelly's Portland Metro Market Review

By
Real Estate Agent with The Kelly Group Real Estate

 

 September’s Months of Inventory for the Portland Metro Markets

 

 Price Category

Active Listings

Pending Listings

Months of Inventory (Active/Pending)

$0 - $199,999

498

478

1.041

$200,000 - $299,999

1085

1523

0.712

$300,000 - $399,999

1047

1123

0.932

$400,000 - $499,999

637

554

1.149

$500,000 - $749,999

930

490

1.897

$750,000 - $999,999

409

132

3.098

$1,000,000 - $1,999,999

339

46

7.369

$2,000,000 & Up

98

14

7

TOTAL

5043

4360

1.156

 

 

October’s Months of Inventory for the Portland Metro Markets

 

 

Price Category

Active Listings

Pending Listings

Months of Inventory (Active/Pending)

$0 - $199,999

443

446

0.993

$200,000 - $299,999

968

1464

0.661

$300,000 - $399,999

913

1180

0.773

$400,000 - $499,999

544

535

1.016

$500,000 - $749,999

811

507

1.599

$750,000 - $999,999

381

139

2.741

$1,000,000 - $1,999,999

323

52

6.211

$2,000,000 & Up

89

14

6.357

TOTAL

4472

4337

1.031

 

 

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 buyers that remain active this time of year are typically more serious buyers that need to make a purchase. With less inventory on the market to compete, this time of year also brings more showings and renewed interest to listings that may have been on the market longer without receiving offers.

 

Sellers should make sure each showing counts this time of year to net the serious buyers prior to the spring housing rush, when the market will be flushed with new listings. To prepare homes for showings during the winter months, sellers need to make sure the interior is bright, welcoming and warm to invite potential buyers to remain inside and appreciate the home’s details. It is especially important this time of year to have a well lit home and to make sure any leaks have been properly patched. For rural properties and land listings, make sure accessibility is maintained through winter storms and that any drainage issues are addressed so potential buyers aren’t deterred from fully viewing the property. Other strategies to close your listing before spring include open houses, small price drops or changes in marketing material. Contact us to discuss whether your listing would benefit from an open house or if other marketing strategies may be beneficial.

 

Posted by

Local, National, Global.

Your Home Marketing Done Right.

Kelly Hagglund, Principal Broker, Licensed in Oregon.

www.TheKellyGroup.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Industry
Location:
Oregon
Tags:
portland
market trends
real estate
home sales
months of inventory
oregon
market review
preparing for winter
the kelly group

Spam prevention
Show All Comments
Rainmaker
2,132,365
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi kelly, always enjoy viewing information on other locations.  tks for sharing.

Dec 01, 2015 01:42 AM #1
Rainmaker
48,298
Kelly Hagglund
The Kelly Group Real Estate - Newberg, OR
SW Portland Real Estate Expert

Thank you Ronald! It's good to stay on top of markets in other locations to keep up with market changes that are in the wind Thanks for checking it out!

Dec 01, 2015 02:48 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
48,298

Kelly Hagglund

SW Portland Real Estate Expert
Ask me a question
*
*
*
*

Additional Information