There are many great Portland area homes for sale. Click here to perform full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (503) 594-0805 for a FREE home buying or selling consultation to answer any of your real estate questions.
Low Inventory Will Result in High Profits
It's an exciting time in the Portland real estate market. If you were thinking about buying a new home or selling your old one, now is the perfect time to get into the market. Let me tell you why.
We are currently in a low-supply inventory crisis. This is not a bad thing, as the word crisis would normally imply. This has turned the summer season into a hot sellers market. In some areas of Portland, we only have 1-2 months of inventory and homes are selling extremely fast.
The hottest areas in Portland right now are Close-in and Urban. A lot of time when we sell properties in these area, we will have multiple offers before the property is even listed.
If you were even entertaining the notion of selling, now is the perfect time. With low inventory, there is little to no competition for your home. I have been advising all my clients not to wait for perfection, because right now, you will get multiple offers. That will drive up the price, getting you more money for your home in a short period of time.
One of the things driving the market is interest rates. Borrowing money is very cheap right now, as the rates are extremely low. With the combination of interest rates and low inventory, now is a perfect time to buy or sell. If you have any questions, please give us a call or e-mail and we would be happy to help you.
