Portland average home price bolts to $542,000: 'Influx is greater than the exodus'
Story by Janet Eastman | The Oregonian/OregonLive - Story Source
|OREGON HOME PRICES||Oregon home listings increase dramatically|
"The biggest story continues to be the lack of inventory, which has been historically low for nine months," says Suzanne Page, a broker with John L. Scott Southwest Portland.
Since June 2020, the supply of homes to sell has lingered around one month, which means if sales continue at the same pace, it would take just one month to zero out all the available residential properties on the market.
A market is considered balanced between buyers and sellers when there is four to six months of inventory. Read full story