Check this out
Portland real estate sale are down and even median is down in some areas.
Check this out
Portland real estate sale are down and even median is down in some areas.
The inventory is really shooting up in portland. Here are the graphs...
This data is from NAR website that I have been tracking and shows inventory increase since 5/14/2006

This data is from this web site and shows inventory increase since 8/14/2006

Here is another graph of Portland metro inventory. I got the data from this website which tracks inventory and median data for a lot of areas in the US
This shows the inventory increase in % since 8/14/2005 for the complete Portland metro region.
Interview of Kenneth Heebner, who since 1994 has managed the $1.2 billion CGM Realty Fund. It has the best 10-year record of all real-estate-focused mutual funds.
Quote—
| A significant decline in prices is coming. A huge buildup of inventories is taking place, and then we're going to see a major [retrenchment] in hot markets in California, Arizona, Florida and up the East Coast. These markets could fall 50% from their peaks. |
I have been tracking housing inventory in the Protland metro area for the last month or so.I have plotted the data in a graph below.
The graph shows inventory increase since may 14th 2006. It is really eye opening that Beaverton inventory is up about 50%.
Note: PDX metro numbers include Portland and some surrounding areas.