We’re hearing more tales of multiple offers, buyers writing strong offers and getting beat out, and talks of this being the beginnings of a seller’s market.  We ran some reports in the different RMLS areas for detached houses under $300,000.  This is what we found: RMLS Area Location Houses Available 141 N. Portland 93 142… Continue reading Lack of Inventory Frustrates Some

When RMLS released the May 2012 Market Action report last month it was hard to ignore 4.2 months of inventory as being the lowest it has been post-bubble.  That 4.2 months represents the Portland Metro area, which for RMLS, is made up of a five country area.  Turning to the second page of the report,… Continue reading “Local” Portland Inventory Lower then “Metro” Portland

We’ll start with a little self-congratulatory pat on the back: this is the PortlandRealEstateBlog.com’s 1000th post! The May 2012 Case Shiller Index was released this morning and all 20 regions tracked were up.  Portland was up 2.6% from 131.62 to 135.09.  It’s only the second increase in a row for Portland but we’re starting to… Continue reading Case Shiller Up But too Early to Call Bottom?