Decrease in REO and Short Sale Listing Inventory

Dated: April 21 2013

Views: 1296

The Portland / Vancouver area is experiencing a drastic reduction in the amount of distressed properties and REO hitting the market, leading to a shortage of inventory for homebuyers.

Recent statistics from the RMLS show that approximately 80% of all sales were regular homeowners with equity. This is very good news for sellers... not so good for buyers! Multiple offers on newly listed and competitively priced properties are becoming all to common, and prices are inching up.

Experts predict there will be a slight increase in the amount of bank owned and short sale homes in 2013, but not enough to reverse the trend of the shrinking housing inventory. What this means for buyers - if you are on the fence, you should probably make a move while interest rates are low.

Blog author image

Julie Baldino

Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....

Want to Advertise on this Site?

Latest Blog Posts

How Your Homes Deal Breaker Can Attract The Perfect Buyer

When you’re starting the process of selling your home, be prepared to see your home in a whole new light.A really, really bright light. That’s because buyers will notice all the great things

Read More

Low Inventory Might Help You Sell Your Home During COVID

Selling Your Home During COVID? You Might Have an Edge... Less is more when it comes to successfully selling your home during the COVID pandemic. That’s because if you’re still going ahead

Read More

Millennials Will Do Whatever It Takes To Own A Home

Millennials are facing major stress trying to come up with ways to balance a down payment,student loans, and impending mortgages, but they are finding solutions: (Image provided by

Read More

5 Upgrades That Do Not Add Value To Your Home

Today I’m going over the five upgrades you should avoid when preparing to list your home.  If you’re looking to put your home on the market, there are probably some projects you have

Read More