The Portland Metro RMLS has sent out the latest sales for May 2010. Here are the stats:

Mt Hood real estate sales May 2010

The numbers tell the story. Lots of inventory coming on to the market for summer with 36 new listings in May! Although this chart tells us there were six sales, there were actually seven. Pending sales are up compared to last year at this time with a 50% increase. The majority of these pending sales are foreclosures under $200,000.