It may be the name of a Beatles tune, but that also now describes real estate in some key areas of our state. If you prefer gardening to music, Portland metro housing is summarized with a springlike opening sentence in the following report: Portland’s real estate activity continues to blossom.
Most astonishing, Portland area home inventory as calculated in months has dropped from 4.5 to 3.2 in the past thirty days. Given current demand, this means greater Portland would run out of homes in 3.2 months. With this kind of increased competition among buyers for housing, real estate prices are likely to continue their rise. Independent media reports also confirm increased housing pressure, including this recent article on area real estate in the Oregonian newspaper.
Salem Area Also Improves
Housing around greater Salem is also getting better, but less evenly. Home prices are up throughout Marion and…
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