Portland Metro Experiences Lowest Inventory Since 1999

I think 2016’s real estate market is going to be even hotter than 2015. We just received the market stats for December and all I could think is, “Holy Buckets! That’s a low inventory.” Our inventory of homes on the active market hit a 16 year low with a mere 1.2 months. We headed into January with roughly 3300 active listings in the entire metro area (Wilsonville to Vancouver and Forest Grove).

Last year we had almost 5000 active listings in January to meet the needs of buyers, and we still had a very aggressive Spring buying season. This Spring should kick off another very robust year, and I’m looking forward to it!

Holding Pending Sign