Portland’s Market & the C19 Event
Wow. What a wild handful of months it has been, Portland. Our Spring Market never completely actualized in terms of planned listings hitting the market. But to say that the Spring selling season has not been in full swing is also not accurate. Buyers have benefited from fantastic low interest rates, which encourage them to keep searching for a home despite the pandemic. We have worked safely, with social distancing in place, to help Buyers and Sellers achieve their goals.
Many Buyers have experienced several weeks cooped up in apartments or homes less than ideal for the amount of time spent living and working in them. We are seeing multiple offer situations throughout the metro area.
Who among us has not thought that it would be great to have an extra room somewhere in the home where you can block everything out and just “be” for a minute? Getting out of a crowded, stacked apartment scenario is a strong driving factor among buyers. Buyer motivation is strong, as is their commitment to completing a deal once in contract.
If you have been putting off selling your home because of the pandemic, now may be the time to reconsider. Portland inventory has been low for years now, since at least 2012. While this Spring has been an unexpected blip, it has not slowed down motivation. We would love to help you safely and effectively navigate the current market conditions. Give us a call today! We offer concierge-level real estate services, including free light staging, collaborative listing prep, and unparalleled organization to reduce your stress throughout the process, every step of the way.
Here is a snapshot of what the May 2020 market looked like in the Portland Metro Area:
If you are looking to buy or sell in the coming months, we stand ready to help you! We offer concierge level real estate services to all of our clients.
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Danni Duggan | Oregon Broker | Premiere Property Group, LLC | Licensed in Oregon | 503-719-2279 | danni@dannipdx.com
Our real estate practice is built on a foundation of compassion, intelligence, wit, and a genuine desire to help our clients achieve their goals.
Looking to buy or sell your home in the Portland area? We would love to work with you. Buying or selling outside the state of Oregon? Let us recommend one of our most trusted Realtor colleagues elsewhere in the country.
What is My Home Worth?
Curious what your home might go for in the current market? We have a home valuation tool that will help you understand what is happening in the market closest to you.
Remember that no computer model is a replacement for an actual Competitive Market Analysis provided by a trained, experienced Realtor. Contact Danni or Bud if you would like a free analysis of your home.