Monday, October 1, 2018 / by Ben Pickthorn
PORTLAND OREGON REAL ESTATE MARKET UPDATE / September 2018
Not sure what the newest updates are for the local Portland Real Estate Market? Watch this video to learn exactly what is going on in your local real estate market.
In this season of the Portland housing market, you will see that inventory has been rising all year. The number of months of inventory is at 2.4 months. That is the highest number of months inventory for real estate in the metro Portland market than we have seen in the past 3 years. The marketing changing.
We are at the end of this upward trend. Typically the market will go up for about 7 years. Right now we are at 10 years. What goes up, must come down. Prepare yourself for a shift in the market.
Homes are appreciating by 6%. But what’s going to happen moving forward? Inventory levels are increasing, listings coming on the market are increasing, pending sales are decreasing and closed sales a decreasing as well. That is a true sign that the market is shifting.
Oregon home buyers are pushing back and Oregon home sellers mindsets are still in such a place that they think that the market is awesome. We are having two worlds collide. Buyers are wanting more, sellers are wanting to give less, they are butting heads and they are separating.
Portland Oregon Real Estate will look dramatically different this time next year. If you are looking for Portland homes for sale and are interested in the Portland Oregon housing market then be sure to watch the rest of this video to find out everything that you need to know about the Portland Real Estate Market for September 2018.
It is important to be in the know about the current Portland Real Estate Market when you are considering buying or selling a home. Don't forget to check out the rest of the Green Group channel. Now you know where the market is at, you are able to learn the best tools and tips of what goes into buying and selling your home.
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