The Current PDX Housing Market and What it Means to You…

Let’s talk shop! Over the past 2-3 weeks I’ve noticed a few interesting things about the PDX real estate market:

  • Properties are receiving more price reductions after not selling in the 1st week.
  • Overall price of homes is holding strong. (No surprise.)
  • We don’t have the extreme wave of offers typical for this time of year.
  • But interest rates are at record lows…
  • This is looking like an amazing opportunity for buyers!
  • Is it that everyone is on vacation?
  • Things are still selling, and now might be the perfect time to grab a property while people are asleep at the wheel!
  • The summer slowdown may be coming early, but there are folks that still need to buy.
  • When selling, perfect pricing is a must! More homes in the past few weeks are selling for at or even below list price than any time I have seen in 2016.
  • Thinking about buying or selling? I encourage you to call me soon (503.781.9646 and moran@windermere.com) to find out the best strategy for whichever side of the fence you are on!

Thanks!

www.portlandersellingportland.com

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