"People seeking to buy a house in Portland faced longer odds in March than at any time since September 2005, the Regional Multiple Listing Service reported this week.
The inventory of available houses dropped to 1.9 months in March, reflecting quickening demand as buyers prowl for properties and interest rates remain low. The median sales price jumped $5,000 in the month to $290,000."
http://www.oregonlive.com/business/index.ssf/2015/04/portland_housing_inventory_hit.html#incart_river
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