Friday, March 14, 2008
Portland Housing Market: New Data
From Altos Research (and for what it is worth), some data about the housing supply and demand conditions in Portland: a 10 city composite and two other cities I chose for comparison. The average listing price is not very worthwhile, in my opinion, for reasons I have mentioned before; it could be the index has declined due to falling house values or because fewer higher priced houses are being offered for sale. The supply and demand proxies are interesting - the listing inventory and the average days on market - but are they meaningful? I am not sure, but I can't see much to make of it all - still, for data junkies, I am here to serve.