October 2021 - A LOOK AT THE YEAR-TO-DATE CHANGE IN HOUSING INVENTORY! 🏡🙋♀️
As a companion to my "WHAT HAPPENED TO HOUSING INVENTORY?" video, I've created a video showing the year-to-date change in Housing Inventory.
One of the key takeaways is that in three of the twelve locations, October 2021 Housing Inventory is lower than January 2021 Housing Inventory, with SW Portland showing the most significant decrease at (46%).
Another key takeaway is that nine of the twelve locations have year-to-date Housing Inventory increases, yet only Happy Valley has over one month of Housing Inventory. For example, Beaverton has a 67% year-to-date Housing Inventory increase, but there's still only .45 months of inventory. That goes to show how historically low January 2021 Housing Inventory was in many of the locations.
YEAR-TO-DATE HOUSING INVENTORY - The following slideshow contains Housing Inventory slides showing the change from January 2021 to October 2021.
HOUSING INVENTORY - The following slideshow contains: current month and prior month Housing Inventory on the map, month-on-month Housing Inventory % change on map, and July to October Housing Inventory Bar Graphs for each of the twelve locations.
HOUSING SUPPLY VS HOUSING DEMAND - The following slideshow contains: current month and prior month Housing Demand on the map, month-on-month Housing Demand % change on map, 24-month Interest Rate Graph, current month and prior month Housing Supply on the map, month-on-month Housing Supply % change on map, YTD trend chart for each of the twelve locations. This trend details how Supply and Demand create Housing Inventory.
MEDIAN DAYS-ON-MARKET - The following slideshow contains: the current month Median Days-on-Market on the map, July to October Median Days-on-Market Bar Graphs, 24-month Median Days-on-Market trend chart for each of the twelve locations. This trend helps you understand the speed of the real estate market. A Days-on-Market under 10 days is usually considered a seller's market.
MEDIAN SOLD PRICE - The following slideshow contains the current month Median Sold Price on the map and the 24-month Sold Price trend chart for each of the twelve locations. This trend shows the median sold price and the year-on-year percentage increase.
HOMES SOLD - The following slideshow contains a 24-month Homes Sold trend chart for each of the twelve locations.
Feel free to contact me with any questions.🙋♀️Have a great day!