Available Housing Inventory
Cecelia Maben, Associate Broker with Peter Anderson Realty Assoc., Inc., delivers a monthly newsletter to our door. It is always useful. It has a list of pending home sales and actual sales in the neighborhood. It allows me to be a nosy neighbor, to see how much the house across the street sold for without asking, “So, how much did this house cost you? Really, that much!” Then I get to tell Bev our comparable house just appreciated another $50,000. Well that was in the good old days.
Maben newsletter also gives a street view of the happenings in the Grant High area. This month she has a table that shows the available inventory in months in the Portland Metro area.
As the table indicates, we currently have 9.2 months of supply of homes for sale, about double last year and you have to go back to 2000 to see it near this high. The good news it did get better after 2000.
How does that compare with the rest of the country? Jesse’s Café Américain has this chart as part of a triptych on the housing slump.
Click chart to enlarge.
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