by Calculated Risk on 2/16/2021 04:57:00 PM

Note: I'm posting data for many local markets around the U.S. The story is the same everywhere ... inventory is at record lows.

For Portland, OR:

Closed sales in January 2021 were 1,847, up 11.1% from 1,663 in January 2020.

Active Listings in January 2021 were 1,922, down 48.3% from 3,715 in January 2020.

Months of Supply was 1.0 Months in January 2021, compared to 2.2 Months in January 2020.