Portland’s real estate cooling trend continues. While inventory remains low enough to term this a “seller’s market,” most in the market realize that buyers have had enough with double-digit increases year after year. Interest rates are refreshingly low, giving buyers more buying power than they have had in the past couple of years. That said, […]
Is a Cooling Trend Really Such a Bad Thing?
Portland is so cool. It’s the coolest. That’s the buzz about its real estate market as well. Last month saw several articles examining the June 2018 real estate trends. The term “cooling off” became the Portland buzzword of the moment. Ironically, this “cooling off” arrived just prior to 3 successive heat waves that drove many […]
October 2017 Market Trends
October 2017 real estate activity numbers are in for the Portland Metro Area. Inventory has been creeping up the past few months. We currently sit at 2.1 months. This marks the fourth month in a row where inventory sat at or over 2.0 months. Basically, if not one single additional property went on the market, […]
8 Tips to Buying a Home in Portland’s Seller’s Market
In case you have missed the buzz around town, Portland is in a strong seller’s market. Really strong. Every broker I speak with has stories about clients who have made multiple offers that have all been rejected. How does a buyer compete in this low-inventory landscape? It is essential that buyers adjust their strategy when […]
Is Now the Time to Sell in Portland, OR?
In December 2014, the Portland housing market experienced the lowest housing inventory it had seen in about eight years. A “healthy” housing market typically has 6 months’ inventory available to buyers. At the time, Portland had about 2.3 months’ inventory. Low inventory drives up prices and competition among buyers. Many sellers were surprised by the […]