New housing inventory figures just arrived for the Portland metro area and they’re not just low. They’re way low. In fact, if our latest home supply figures were put to music, you might say ‘Sing It Way Down Low.’
![Oregon Real Estate, Oregon Housing, Oregon Real Estate Supply, Oregon Homes, Oregon Properties](https://certifiedrealty.com/wp-content/uploads/2015/07/hoagy.jpg)
Perhaps even more surprising than a meager 1.6 months of housing backlog is our region’s five straight month trend of lowering home supply.
![Oregon Real Estate, Oregon Housing, Oregon Real Estate Supply, Oregon Homes, Oregon Properties](https://certifiedrealty.com/wp-content/uploads/2015/07/PortlandMetroArea-page-001ee-244x300.jpg)
This persistent decline in available homes for purchase has resulted in serious scarcity.
![Oregon Real Estate, Oregon Housing, Oregon Real Estate Supply, Oregon Homes, Oregon Properties](https://certifiedrealty.com/wp-content/uploads/2015/07/balloon-260x300.jpg)
As with most commodities, a reduced home supply typically increases demand. The result? Rising home prices:
![Oregon Real Estate, Oregon Housing, Oregon Real Estate Supply, Oregon Homes, Oregon Properties](https://certifiedrealty.com/wp-content/uploads/2015/07/PortlandMetroArea-page-005-1e-1024x552.jpg)
To view the entire recent report on Portland metro real estate, click here or on the Market Action image below. Make sure to check out page two for specifics on home prices and market times for your town or neighborhood.
![Current Real Estate Information - Oregon Homes](https://certifiedrealty.com/wp-content/uploads/2014/11/marketaction.gif)
Thinking of selling your Oregon home in this seller’s market? Contact Certified Realty, Oregon’s choice since 1950, using the convenient form below for a FREE report on what your property could sell for today.