Housing supply still low


Portland-area home listings dropped by 29% in the first two weeks of 2013 compared to 2012.

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Portland-area home listings dropped by 29% in the first two weeks of 2013 compared to 2012.

The 1,225 homes listed in the first 14 days of 2013 is just over half the number in the same period of 2010.

It has been a frustration for would-be buyers, who have found there are few houses to choose from. The competition has led to multiple offers and bidding wars, some of which escalate prices to a beyond the homes’ appraised values.

Read more at OregonLive.com.

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