The current Housing Inventory in Tigard is 4.69 months, and Tigard has been experiencing a buyer's market since September 2022. Next, let's use the Housing Supply and Demand trends to try to predict the future of the Tigard Housing Market. Using the current activity and the trends, I expect this buyer's market to transition into a less aggressive buyer's market around March 2024. Basically, more similar to March 2023 than March 2022. This will be an interesting trend to watch.
The ideal real estate market would have 1.00 month of Housing Inventory, meaning Housing Supply perfectly satisfies Housing Demand. For this graph, that would be the orange and purple lines right on top of each other. When the Housing Supply and Housing Demand lines are close together, it represents a balanced real estate market. A huge separation between Housing Supply and Housing Demand means an unbalanced real estate market, creating either a buyer's market or a seller's market.
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