This graphic comes from NAR, the National Association of Realtors. It shows how the Portland-Vancouver metro area compares to last year at this time. You can see the number of listings available has declined nearly 30% compared to 2010. Could this mean sellers are waiting out this market?

This is not true for the Mt. Hood area market in Brightwood, Welches, Rhododendron, and Government Camp. This market is flush with homes, cabins and condos and a buyer's dream. Rates have never been this low coupled with a fantastic selection of properties, it's a perfect time to purchase!

 

Nar chart of sales for June 2011