Portland Real Estate Market Update
The inventory of homes for sale in Portland has edged up slightly, from 2.6 months in June to 2.8 months in July. Historically speaking, this figure remains quite low.
To put this into perspective, inventory is determined by dividing the number of homes for sale by the number of closed sales. This calculation reveals how many months it would take to sell the current listings if no new homes were added to the market.
While 2.8 months is still a low inventory, it’s notably higher than the 2.0 and 2.4 months seen in July of 2022 and 2023, respectively.
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