I just received the latest market action report and there is more good news coming out of the Portland, OR real estate market. Inventory for the Portland Metro area is down to 6.5 months which is the lowest since August of 2007. If you don't know what inventory is, the simplest way to define it would be to say that if no other houses were listed for sale, it would take 6.5 months to sell all of the homes currently on the market.
While this may not mean a lot to the average person, but for people trying to sell a house, this is great news! Basically it says that houses are moving! Let's hope this trend continues and the potential for and $8000 or $6500 tax credit is pretty enticing!
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