The RMLS April 2010 Market Action Report was just released.
 
Inventory is approaching a more balanced market in the Portland area, a balanced market is 5-7 months of inventory, and it is now 7.3 months of inventory, down from 7.8 months in March and 12.9 months in February.   There still is a little while to go and depending on how this "perfect storm" of financial crises plays out, and Portland should be better by next year.
 
In the Vancouver area, we are still very much in a strong buyer's market with 6.6 months of inventory on average for April 2010.  For this same time last year, in 2009, the average inventory was 11.9 months, and for 2010 so far, the average monthly inventory is 9.5 months.  Real estate sales typically are at their highest in the…

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