The latest RMLS Action report for the greater Portland Metro area shows the supply of homes for sale has dropped to its lowest point in years, currently at 4.7 months of inventory. Rates are low and buyer activity is on the rise, often resulting in multiple offers coming in on well-priced homes for sale.

Comparing the first four months of 2012 with the same period in 2011, closed sales are up 13.1%, pending sales are up 17.5% and new listings are down 9.7%. Time on the market has also dropped from 161 days to 132.

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.

The latest RMLS Market Action report shows the 2,679 active listing count in Clark County would be exhausted in 6.7 months at the April rate of sales. This is a slight uptick from last month and about a month less than inventory in April of 2011.

When comparing the first four months of 2012 to 2011, the results are mixed. New listings are down 16.8%, accepted offers are up 5.3% and closed sales rose 4.2%. The average sale price went from $216,100 to $204,900.

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.

Prudential Northwest Properties is proud to be a member of HomeServices of America, Inc., a Berkshire Hathaway affiliate and the second largest full-service independent residential real estate brokerage firm in the United States.

For a little insight on HomeServices and our family of respected affiliates, check out the latest video…

Portlant Metro RMLS Report: Comparing first quarter of 2012 with the same period in 2011, closed sales increased 12.2%. There were more closed sales in the first three months of 2012 than in any first quarter since 2007. Pending sales were up 18.2% in the quarterly comparison, with new listings decreasing by 12%.

A comparison of first quarter prices this year and last shows average sales price declined less than one-half percent. The average sale price was $251,700 in the first quarter of this year and $252,800 in the comparable period last year. The median sale price decreased 1.4% ($212,000 this year and $215,000 in 2011).

Total days on market decreased by 17.9%  …  click here to read the full report.

This short video below features unique glimpses of Portland and surrounding areas…

Click the image below to take a look at the beautiful state of Oregon in all her timelapse glory. We’re certainly lucky to call the beautiful Pacific Northwest home!

Big thanks to the talented guys at Uncage the Soul Productions for these dazzeling looks at the great Northwest.

Ron Peltier, Chairman and CEO of HomeServices of America, shares his thoughts on the housing market, declaring now is a good time to buy. Take a look at this brief video…

Bob McClung, 2013 OAR President-Elect

Please join us in congratulating Bend’s Bob McClung, the 2013 President-Elect of the Oregon Association of Realtors. That’s great news, Bob, and a well deserved honor!

Click here to share your congratulations on Facebook.

Justin Trombello

We’re pleased to welcome the newest member of the Prudential Northwest Properties leadership team, Justin Trombello. Justin has established a proven track record of success and enjoys a stellar reputation as a real estate practitioner. As Team Leader of our Columbia Tech Center branch, he will be sharing his expertise and helping his fellow Prudential brokers continue to raise the bar in real estate service in Southwest Washington. Justin, welcome to the leadership team — you are a wonderful addition!