Current Market Data - Portland Metro

Portland Area Real Estate - April

Here we go again. Latest market data once again shows a disproportionate amount of active listings vs active buyers at a 0.8 month supply of inventory. At this absorption rate if no new inventory was added to our market place we could see 0 inventory in less than one month. 

It’s a great time to sell but a challenging time to buy. I have personally seen properties get over 15 offers and sell over $50-75k over asking price in less than 2 days. 

Stay tuned for my next post with tips to give your offer a competitive advantage in today's competitive market. Stay diligent buyers - Your time will come!

For more information contact Michael De Hetre | Real Estate

Customer First | Real Estate

(Source: RMLS)