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Sing It Way Down Low, Portland

July 15, 2015 By Roy Widing

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
Great Songwriter Hoagy Carmichael

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.

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Portland Home Supply in Months

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
Up, Up and Away for Local Home Demand

As with most commodities, a reduced home supply typically increases demand. The result? Rising home prices:

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Portland Metro Home Price Chart

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
Click for Full Report

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. 

Filed Under: Oregon Home Supply, Oregon Homes For Sale, Oregon Homeseller, Oregon Homeselling, Oregon Housing, Oregon Housing Data, Oregon Housing Inventory, Oregon Properties, Oregon Real Estate, Oregon Real Estate Market, Oregon Real Estate Market Data, Portland Real Estate, Selling Oregon Real Estate, Willamette Valley Real Estate, Willamette Valley Real Estate Market Tagged With: Oregon Homeseller, Oregon Housing Forecast, Oregon Housing Inventory, Oregon Properties, Oregon Real Estate, Oregon Real Estate Inventory, Portland Real Estate, Portland Real Estate Inventory, Sell My Oregon Home, Selling Oregon Home, Willamette Valley, Willamette Valley Real Estate Inventory

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