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Ways to Spark Community Spirit

9/15/2023

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In this month’s report, we are sharing some fun ideas to consider if you are interested in hosting a community event. We're also providing some tips on how to ensure the event goes off without a hitch!
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August 2023 - Market Action Report - Portland, OR

9/12/2023

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Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of August 2023.  Click HERE to see the full detailed report.
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​Home inventory* increased to 2.2 months. 

The median sales price is down (-2.3%) over August of  last year now at $536,000. 

August 2023 vs July 2023
New Listings are up 0.8%
Pending Sales are down 4.3%
Closed Sales are up 12.7%


August 2023 vs August 2022
New Listings are down 8.9%
Pending Sales are down 18.9%
Closed Sales are down 16.5%


Homes are taking just over 1 week longer to sell than they did in August 2022.
*Home inventory refers to the length of time that it would take to run out of houses to sell if we continue selling at the current rate without listing any additional homes for sale.
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Celebrate National Good Neighbor Day!

9/1/2023

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This month, we are sharing information on a holiday you might not have heard of — National Good Neighbor Day. This holiday was proclaimed an official holiday by President Jimmy Carter in 1978 and, since 2003, has been celebrated each year on September 28.

Included are some fun ways you can celebrate this day in your own neighborhood. Use these ideas for the day itself or weekend closest to it. Celebrating may be as simple as dropping off a baked treat or coordinating a more elaborate neighborhood-wide gathering.
 
Remember, we are always here to answer any questions you may have about real estate, such as the current state of the market and mortgage trends. Please feel free to reach out to us any time!
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Less is More Tips for Downsizing

8/15/2023

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In this month’s report, we are sharing with you some strategies on how to start the process of downsizing a home, whether it is yours or loved ones. We are also offering a reminder to use those “good” items you had set aside as well as parting with those you only kept out of guilt. You are worth it!  
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Housing Stats You May Not Know

8/10/2023

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Here are some stat’s about homeownership in the US that are not very well known, but have an impact on the market. If you have any questions, please call.
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July 2023 - Market Action Report - Portland, OR

8/8/2023

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Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of July 2023.  Click HERE to see the full detailed report.
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Home inventory* increased to 2.4 months. 

The median sales price is down (-2.8%) over June of  last year now at $549,900. 

July 2023 vs June 2023
New Listings are down 12.1%
Pending Sales are down 5.6%
Closed Sales are down 8.3%


July 2023 vs July 2022
New Listings are down 23.0%
Pending Sales are down 12.3%
Closed Sales are down 19.3%


Homes are taking roughly 2 weeks longer to sell than they did in July 2022.
*Home inventory refers to the length of time that it would take to run out of houses to sell if we continue selling at the current rate without listing any additional homes for sale.
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How Estate Planning Now Will Protect Your Family Later

8/1/2023

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This month, we are sharing information on a topic that is often not discussed enough — the  importance of creating an estate plan. When it comes to your assets, especially your family’s home, discussing everyone’s wishes ahead of time will help you create clear and concise directions.
 
We also included a checklist of things you will need documented to ensure your affairs are in order. If you need any assistance contacting a professional who offers this type of service, please let us know and we will be happy to help. 
 
And as always, we are happy and grateful to answer any questions you may have related to real estate.
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Finding Positivity in Today's Real Estate Market

7/15/2023

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In this month’s eReport, we are sharing with you some positive news about the real estate market. We also encourage you to watch the online broadcast, “Brian Buffini’s Bold Predictions 2023: Mid-Year Update” for further expert insights as well as projections regarding mortgage rates.  You can also listen to the podcast HERE!
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June 2023 - Market Action Report - Portland, OR

7/12/2023

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Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of June 2023.  Click HERE to see the full detailed report.
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Home inventory* increased slightly to 2.0 months. 

The median sales price is down (-1.8%) over June of  last year now at $559,900. 

June 2023 vs May 2023
New Listings are up 1.8%
Pending Sales are down 4.5%
Closed Sales are up 3.8%


June 2023 vs June 2022
New Listings are down 23.2%
Pending Sales are down 11.4%
Closed Sales are down 27.9%


Homes are taking roughly 2 weeks longer to sell than they did in June 2022.
*Home inventory refers to the length of time that it would take to run out of houses to sell if we continue selling at the current rate without listing any additional homes for sale.
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What is a ‘Normal’ Real Estate Market?

7/1/2023

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The state of the real estate market is a hot topic in the media now. Higher mortgage rates and declining home sales grab most of the headlines. But it’s not all bad news. After the last few hectic years, many experts believe we are trending toward a more “normal” or balanced scenario that will benefit both buyers and sellers.   
 
You may have questions about what that means for you as a potential buyer or seller. This month, we are sharing with you an overview of what a balanced market looks like from both perspectives. We are also providing a historical dateline of mortgage rates over the past decade, as well as some basic definitions of the different types of real estate markets. 
 
It’s important to remember that what is happening nationally or even in another area can be quite different from what is happening in your area. Rest assured we are staying on top of trends here in our community, and would be happy to answer any of your real estate questions or concerns at any time.
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Photos used under Creative Commons from Ian Sane, Shamraze/Nuhaize, Me in ME, Ian Sane, docoverachiever, Jaykhuang, OregonDOT, Lulu Höller, marc falardeau, Jaykhuang, dsearls, Si1very, Kirt Edblom, SupportPDX, pyrospectaculars, Jonathan Miske, jesse.millan, nicolas.boullosa, pyrospectaculars, Ian Sane
  • Home
  • About Us
    • Mission Statement
    • Rick McDowell
    • Jimmy McDowell
    • Becky Shaw
    • Client Testimonials
  • Sellers
    • What's My Home Worth?
    • Selling a Home in an Estate
  • Buyers
    • Preferred Lenders
  • Our Listings
    • LISTING - WATERFORD WAY
  • Home Search
  • Resources
    • Preferred Lenders
    • Business Directory
    • Client Survey
  • Blog
  • Contact Us