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Portland Real Estate Inventory Lowest Since 2006

Home Inventory

The Greater Portland Inventory is the lowest it has been since 2006. In fact in a normal economy, an inventory level of 5.3 is indicative to the beginning of a buyer’s market.  I would not say that this is the case here however more and more buyers are taking up to a year to find their dream home. In the last several weeks, cases of multiple offers have been reported. I would attribute this situation to the fact that prices have come down substantially from its 2007 high in addition to having the lowest interest rate ever!

About Paul Kerkar

The goal of the Paul Kerkar Group is to be the team you trust and rely upon for all of your professional real estate services. Our mission is to provide you with prompt and comprehensive local real estate advice and expertise. We strive to ensure your complete delight and satisfaction with every transaction. View all posts by Paul Kerkar →

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