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Oregon Home Inventories & Prices Rise

February 12, 2015 By Roy Widing

New figures from the Regional Multiple Listing Service known as RMLS reveal an increase in home inventory throughout the Willamette Valley.

Willamette Valley Oregon, Oregon Real Estate Inventory

Even though the housing supply has increased lately, year-to-date home prices have also risen in our region’s major markets of Portland and Salem.

Portland Area Real Estate 
Greater Portland home inventory bumped up by almost half. However, the prior month’s 2.3 figure was exceedingly low by historical standards. At the current rate of sales, greater Portland would now ‘run out of homes’ in 3.4 months.

Oregon Real Estate, Oregon Homes, Oregon Properties, Willamette Valley Real Estate, Oregon Property
Portland Area Home Inventory

Portland area home prices show an increase of 7% over the past year.

PortlandMetro-January2015-page-005
Portland Area Average Home Price

Salem Area Real Estate
Greater Salem home inventory remains significantly higher than Portland and recently experienced a 17% housing backlog increase. Home inventory for the Salem area is now at 6.1 months.

Oregon Real Estate, Willamette Valley Real Estate, Oregon Homes, Oregon Properties, Willamette Valley Homes
Salem Area Home Inventory

Salem area home prices are up 12.4% over the past year, or better than 1% a month.

Oregon Real Estate, Oregon Homes, Oregon Properties, Willamette Valley Home Prices
Salem Area Average Home Price

View Each Full Report
Click here or on the Market Action image below for the complete latest Portland metro area real estate report.
Check out page #2 for specific information, like average selling price and days on market, for your Portland area town or neighborhood.

Oregon Real Estate Information
View Portland Area Report

Click here or on the Market Action image below for the complete latest Salem metro area real estate report. Check out page #2 for specific information, like average selling price and days on market, for your Salem area town or neighborhood.

Oregon Real Estate Information
View Salem Area Report

Thinking about selling your Oregon real estate? Call Certified Realty, Oregon’s choice since 1950, at (503) 682-1083 for a free consultation about your property options.

Filed Under: Oregon Housing, Oregon Real Estate, Portland Real Estate, Willamette Valley Real Estate Tagged With: Oregon Real Estate, Oregon Real Estate Inventory, Oregon Real Estate Predictions, Portland Home Inventory, Portland Real Estate, Portland Real Estate Inventory, Salem Home Inventory, Salem Real Estate Inventory, Willamette Valley, Willamette Valley Real Estate Inventory

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« Oregon Real Estate: What’s Ahead In 2015
Secret Weapon For Oregon Homesellers-Part I »
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