Portland Real Estate Market Conditions February 2010
Here are the February real estate market statistics from RMLS. It’s helpful info if you are buying a home in Portland or thinking of selling your home.
The February stats aren’t great. But the number of new listings, pending sales and closed sales are all better than in February 2009. So the market is moving in the right direction.
Is it a buyers market or a seller’s market? See the chart below.
It’s all based on the number of months of inventory. How many months would it take to sell all the homes currently on the market if no new property came up for sale? Less than 4 months inventory is a sellers market; 4-6 months is a neutral market; and more than 6 months inventory is a buyers market. All information is courtesy of RMLS.
