Sales activity in the Portland metro area improved in April 2010 compared to the same month a year ago. At April’s rate of sales, there were 7.3 months of residential inventory on the market, the lowest of the year so far.
Pending Sales have increased even since last month. The April 30th deadline of the Homebuyer Tax Credit likely motivated many “fence-sitters” to submit offers, resulting in a high level of Pending Sales.