The May 2009 RMLS Market Action Report was released a few days ago and being the busy season with a lot of transactions in escrow I just didn’t have the time to do my write up on it until today, but it’s there now! Indicators are basically what we’ve come to expect in this market, significant depreciation, -13% overall since this time last year, and high inventory though we did manage to shave 4/5’s of a month off that from 11 down to 10.2 months. Read our write up on the Portland Real Estate Market and from that page you can also download the full report.

~Scott McDonald and www.YourRoadMapToHome.com your Oregon Real Estate Resource and source for homes for sale!