So you have made the decision to list your home for sale. Congratulations! Please remember, even in a hot market, even in a low inventory market, walking into a dirty home is an instant turn off. Period. Usually when touring with a buyer, the conversation in the car usually goes a little something like, “If […]
Low Inventory in Portland is a Self-Perpetuating Problem
By Danni Duggan Approximately One Month of Inventory As the year draws to a close, the focus in our office continues to be the low inventory in Portland. We have been at well under 2 months of inventory since June 2020. It is not uncommon for inventory to dip in the winter. After all, who […]
Home Buying Checklist: The Time to Buy is Here
The holidays are behind us. Mortgage rates are currently FANTASTIC. And inventory is inching ever so slightly upward. Now is the perfect time to reach out to a Realtor to start your personal Home Buying Checklist and get you into your dream home. Whether you are brand new to this process or you’ve done it […]
2020 Portland Real Estate Market: Buying, Selling, and Building an ADU
The 2020 Portland real estate market is shaping up to be a balanced market with plenty of opportunities for buyers and sellers alike. While we do not expect inventory to increase dramatically, tight inventory has become the norm for the Portland real estate market in recent years. Below is a brief summary of what has […]
November 2019 Portland Market Snapshot
The November 2019 Portland real estate market snapshot is now available from RMLS. What is happening in the market? I find the best way to talk about the market is with photos. So here we go… Active Listings Snapshot The number of active listings has been hovering between the 2017 and 2018 numbers. This market […]
September 2018 Market Data – Cool Town, Cool Fall, Cool Market
All summer long I reminded folks that we are in a “shifting” market. Well don’t let your foot off the clutch just yet. We continue to shift and move and frankly, find balance. What’s down since last September? New listings -1% Pending sales -9.5% Closed sales -14.6% What’s up? Days on market 45 (+7) Months […]
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 […]
June 2018 Market Data – A “Cooling” Trend?
Remember the good old days of 2012 when we thought that just four months of active market inventory was a whopper of a problem? Fast forward to 2018 and we get positively giddy every time inventory creeps anywhere above two months. The Portland metro area has been toying with inventory below two months more […]
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, […]
July 2017 Market Activity, an Infographic
Here is the July 2017 market data for the Portland Metro Area. If you have any questions about your specific area, we would love to hear from you. Have you noticed this cooling off trend in your own neighborhood? Save Save