RMLS Market Action Portland Oregon – January 2016

The RMLS Market Action is out for January 2016! The full market action report can be viewed HERE; however, I’ve summarized a few important points below:

  • Inventory has risen a little bit from our record-low December 2015 numbers. We had 1.8 months of inventory in 1/16 as opposed to 1.2 months in 12/15. However, this is still remarkably low; while the rising numbers do give hope for some alleviation for buyers, the market is still very much in favor of sellers.
  • Average home prices rose year over year by 6.7%, and the median prices rose year over year by 8.1%.
  • Average market time has risen slightly from December 2015 but is still well below the January 2015 numbers.

Let me know if you have any questions or comments!

Posted on February 16, 2016 at 9:49 pm
Bill Grange | Category: Portland Oregon Real Estate Market

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