RMLS Market Action for June 2011 was released just before happy hour on Friday afternoon.  I’ve updated our graph of housing inventory levels in the Portland and local market areas and the trend continues that City inventory averages about a month less than Portland Metro as reported in Market Action.  North Portland has just 4.2… Continue reading RMLS Market Action June 2011

RMLS Market Action for September 2011 was released on Friday afternoon.  I’d consider the report mostly neutral.  Inventory, median price, pending and closed sales were up but average price and the number of new listings decreased compared to August.  Note that an increase in inventory is not considered a positive though at 6.7 months it… Continue reading RMLS Market Action September 2011

Six continual months of (minimal) Portland real estate price appreciation has slipped away in the last two month.  The Case Shiller Index, released this morning shows Portland lost 2.18 points to end November at 133.26, essentially the same level as February of last year. The Case Shiller Index reports “Portland Metro” as the seven county… Continue reading Portland Real Estate Loses Traction