Months of Inventory - Portland Metro Markets

By
Real Estate Agent with The Kelly Group Real Estate

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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Kelly Hagglund, Principal Broker, Licensed in Oregon.

www.TheKellyGroup.com

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