How Being Hesitant Will Hurt You

 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.

How Being Hesitant Will Hurt You

Thanks for checking in with us today. We are excited to be talking today about the pre-holiday real estate market. This market sometimes gets a bad reputation for being slow and stagnant, but if you take a look at some of the statistics we have compiled, you will see that is not the case. Here are some of them:

• The number of people out looking for homes at this time of year has increased by 58% from last year
• We are seeing home appreciation rise across the board, specifically in the urban market, where we are seeing multiple offers and appreciation rates in the high single digits. 
• We have about 3 months of inventory, putting us in a seller's market.
• We have seen about a 22 day increase in time on the market. 

Right now we are seeing a perfect storm for sellers. When you don't have a lot of supply on the market, but still have the demand that we do right now, this will allow home prices to go up and your time on the market to decrease.

If you have any questions about the Portland real estate market, be sure to reach out to us. We would love to answer your questions.