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 […]