We are releasing updates a little more regularly due to the real estate market changing so quickly in response to changing guidelines related to COVID-19. Check out our video and notes below so see what's going on!
All Portland Metro Area
April 15 – 30, 2020 May 1 – 14, 2020 May 1 – 14, 2019
New Listings 1487 1349 1457
Pending Sales 1111 1212 1281
Pending of Listings
since May 1st 467 412
Sold 955 687
Sentrilock Activity (Showings) – Average this time of Year is 25,000
Bottom week was Week Ending 4/5/20 at 10,493
5/3/20 16,540 11.5% increase over the previous week
5/10/20 17,132 3.6% increase over the previous week
5/17/20 18,566 8.4% increase over the previous week
The one thing I’ve learned in almost 32 years in real estate is that houses are sold every day, in both good and bad markets!
The “Big Why” doesn’t change:
Now is a really good time to put your home on the market, particularly if you want to move before the new school year!
Stay Well and Stay Healthy!
Social distancing doesn’t have to pause your social interaction! Fortunately, the digital world has made it easier than ever to stay connected with friends and family from afar. In the eReport below, you’ll find everything you need to know to plan the perfect online gathering. Learn what video platforms to use, how to send invites and even ways to play games or watch movies at the same time — but not in the same place. Enjoy!
Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of April 2020. Click on the image below to see the full seven page detailed report.
Recently, we have been receiving much information regarding COVID-19. As we continue to navigate uncertainty together, it is important to remember that THIS TOO SHALL PASS. That’s why this month, we want to share information to help you prepare for life after these trying times.
Credit is one subject that will always be important, which is why this Item of Value is helping separate credit facts from fiction. No matter what your current financial situation is, you can use this information to become a credit master and strengthen your own score down the line.
There is also a breakdown of the different scoring models to highlight habits that will help you achieve credit success.
Even though the world seems to be on pause right now, the situation will pass. When it does, you will be ready to view your credit situation with fresh eyes and come out stronger, no matter where you started. In the meantime, please know that we are here for you and your family during these challenging times. If there’s anything we can do to help, do not hesitate to call. Stay healthy!
With all the changes in the real estate market as a result of restrictions and guidelines pertaining to the Covid-19 situation we want to provide updates a little more frequently with real time statistics. Check out our video below to see how the last half of April compared to the first half of April 2020.
Loan Qualifications are tightening some, but not so much that we can’t get loans. If you need a good lender, please reach out for our recommendation!
Houses are sold everyday in good markets and bad. The reasons people move doesn’t change.
• Moving to a different school district
• Needing a home office
• Upsizing or downsizing
• Kids have moved away
• Grandparents moving closer to grandkids
**Now may be a good time for you to sell as there isn’t as much competition for sellers!
**Now may be a good time for you to buy to take advantage of the low interest rates!
If there is anything we can do to help, please reach out to Jimmy or myself. We are hear to help in any way that we can! Stay Safe and Stay Healthy!
Portland Metro News
Come here to get updates on local real estate market information, community events, and helpful tips for homeownership in the Portland, OR region.