Home BuyingHome SellingPortland Real EstatePortland Real Estate Statistics February 5, 2014

Portland Metro Short Sales and Bank-Owned Continue to Decline, as does Total Inventory

The 2013 numbers for short sales and bank owned homes (both new listings and sales) are in the chart below.  Total homes for sale continues to be quite low.  At year-end 2013 there were 5,159 total listings, down from year-end 2012's 5,632.  Year-end 2009 listings total 13,019, so we currently have less than half the "normal" number of listings.   A six-month inventory is an even buyer-seller market, and we are currently at half that (3.2).  If you're thinking of selling, this is an excellent time.  Contact me for a free no-obligation analysis of what your home might sell for today.