The inventory of residential, single family properties in the greater Portland area has been increasing steadily for a few months, and is up 15% over the same month last year. Pending sales, however, have dropped significantly, and are now down 33% compared to September of 2021.
Check out the attached report to see where all of the September residential real estate numbers came in for this year. Feel free to reach out with any questions or comments you may have and, as always, I hope you’ll consider hiring me as your broker if you are interested in buying, selling, or investing in a home.