February 2020 - Market Action Report - Portland, OR

​Here are the latest Real Estate market numbers for the Portland and surrounding area. The market continues to be very strong with more demand for houses than what’s for sale, leading to multiple offer scenarios and purchase prices above the asking price. The average sales price is up 5% from the same time period last year, new listings, pending sales and closed sales are up while the inventory is down to 1.9 months’ worth. If you’d like more information or clarification on any of these numbers, just give me a call and I’ll be happy to go over them with you.
 
IN A NUTSHELL, if you – or someone you know – are thinking about selling, it’s a great time because there isn’t a lot of competition and mortgage interest rates are still very low at the moment, which allows buyers to pay a bit more for the home and still stay within their budget.
 
So if we can ask a favor, when you run across someone thinking about selling, just call us with their name and number and we’ll take great care of them for you.

​If you are interested in viewing the full detailed report ​click on the image below! ​