The U.S. Census Bureau reported this week that there was a record 19 million homes unoccupied in the first quarter. This brought to mind all the vacant houses I see when I'm showing homes. There are a lot. More than last year.
By my calculations, 47% of all the homes for sale in Portland metro are vacant. Admittedly, this isn't the most detailed of studies, but a scan of all the properties currently listed as active or bumpable in the RMLS. When I researched this data about a year ago, 39% of these properties were vacant. That's a significant increase.
Here is the percentage of homes that are vacant currently in 2009 vs. 2008. Every area has a higher percentage this year than last:
2009 Rate vs. 2008 Rate = Area
56 vs. 47 = North Portland
52 vs. 42 = Northeast Portland
50 vs. 43 = Southeast Portland
44 vs. 35 = Gresham, Troutdale
41 vs. 37 = Milwaukie, Clackamas, Happy Valley
36 vs. 32 = Oregon City, Canby
40 vs. 33 = Lake Oswego, West Linn
52 vs. 40 = SW Portland
50 vs. 41 = NW Washington County
48 vs. 41 = Beaverton, Aloha
43 vs. 38 = Tigard, Tualatin, Sherwood, Wilsonville
47 vs. 36 = Hillsboro, Forest Grove
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