After an agonizing seven months of a market where months of inventory was under one month, we finally got back into the single digits with one month of inventory. The number of listings went up 4.6% from last month, and we could feel it. As the month progressed, sales slowed, but we will not see that until June's report (which comes out in mid-July). Meanwhile, it is almost unfathomable to believe that the Regional Multiple Listing System (the database we use to share listings) has over $1 Billion worth of active listings in the Portland Metro area alone. If sales slow like they look to be doing, that will have a ripple effect throughout several associated industries.