Portland Metro Housing Update - Resale Only
The market is back to Surge Sales Activity Intensity™ of homes going under contract for new resale listings. Unsold inventory is virtually sold-out in the more affordable and mid-price ranges. Although on a monthly basis, fewer homes are coming on the market than previous years; as we head into spring, there is a seasonal increase in the number of new monthly listings. Today’s buyers will need to be Buyer Ready, Day One™, to ensure they get the home of their choice.
SALES ACTIVITY INTENSITY™ SCALE
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Housing Update - Resale Only
KEY MARKET INDICATORS MARCH 2023 (FEBRUARY RECAP)
The listings that make it to the market are selling fast, bringing back the multiple offer’s scenario for some properties. Homeowners with a high percentage of built-up equity, and life events are moving the market. Resources like Seller Listing Launch® can set you apart when attracting buyers to your property. As Daylight Savings Time begins in March, the market will continue its surge into the spring market. Remember, it’s okay to buy and sell within the same market timing.
Current housing market