The current state of Real Estate is no joke!
“Spring buying has sprung, and it’s wild and it’s crazy out there. It is causing some frustration at this point in the real estate market,”
–Devyn Bachman, vice president of research at John Burns Real Estate Consulting
We typically think of Spring as the time when we get a lot more inventory on the market, but so far we are still seeing inventory decreasing.
In the Portland Metro area, the current inventory rate is .7 months–this means that if all of the houses were bought up it would take less than a month for them to be gone (Dying know more? ????Read up on inventory rate calculations here)
What does this mean for sellers?
It is still a great time to get your home on the market. If you are thinking about selling, we are ready to help
What does this mean for buyers?
It is still a tricky market for buyers, particularly for first-time buyers, who may find themselves getting priced out of the market. Now more than ever, it is essential to have a trusted advisor who can guide you through the process. Contact us and we can help you consider what you need to do to buy, how to get your ducks in a row, and walk you through the process.
