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Portland midcentury modern house gets 15 showings on the first day it’s for sale at $1.6 million
Updated 1:20 PM;
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Home shoppers in the Portland area continue to be tortured by having the fewest choices of residential properties for sale. For the second time in four months, inventory is the lowest ever reported in the 30-year history of the Regional Multiple Listing Service (RMLS).
If sales continue at the same pace, 0.8 months of inventory means it would take about three weeks to zero out all the available homes on the market.
A market is considered balanced between buyers and sellers when there is four to six months of inventory.