8.6 Months of Home Inventory In The Portland Metro

When comparing September 2007 to September 2006, new listings decreased 2.3%. Closed and pending sales fell 25.5% and 25.7% respectively. At September’s rate of closed sales, the 16,054 active residential listings would last approximately 8.6 months. The 8.6 months of inventory is the highest rate since January 2000, when inventory reached 10.1 months. Additionally, inventory reached 8.5months in January 2001.












In third quarter of 2007, there were
3.4% more new listings than July-
September 2006 (16,573 v. 16,023).
Closed sales fell 13.7% (7,351 v. 8,519)
and pending sales also dipped 19.6%
(6,711 v. 8,342).