Feb 2006 Appreciation Data out

The Feb 2006 appreciation information has just been published. Overall, Portland appreciation shows a 16% increase as compared to Feb 2005 data. Though it's still a very healthy sign, the housing inventory increased a bit to just over 3 months. That is, it will take about 3 months to deplete the entire housing market inventory. We will be watching that number closely for it's a critical indicator of how our market will perform in the coming months.