Portland Real Estate - the Inventory Gap Widens with Interesting Supply/Demand Trends

• The Average Sale PriceDecreased by about 1% vs the previous week - remaining in the trendline.  Compared to Last Year at this time, the average was Down by 5.6%.   However, there was an anomalous $35,000 spike in the average sale price during this same week last year.  So, the difference should mellow next week.  
  
  
• The Supply of homes to purchase continued to Inch Up - but not as fast as last year.  Last Year at this time buyers had 8.9% More Homes to Choose From than they do this year.   Over the past 6 weeks the number of active listings increased at a number 1/3 lower than last year.  
  
  
• Buyer Demand Rebounded remained in our trend line with 680 New Deals - only 7 fewer than the previous week.  Over the past 6 weeks the total number of pending deals decreased by 65.  During the same timeframe last year, the decrease was a whopping 816!