1. The market is shifting. As the PDX housing market cools off for the winter, I believe that a more balanced market is likely just around the corner. Following are a few indicators that show this.

  2. Inventory is going up: September’s 3.1 months of inventory was the highest since Q1 of 2012. Refresher: “inventory” is how long it would take to sell all homes currently on market if no new homes hit the market.

  3. Values aren’t. The average sales price (-$14,600 or -3.1%) and median sales price (-$15,000 or -3.6%) were both down from August and both saw very modest gains from September ’17 (+3.3% and +4.9% respectively). We usually see a slight slow down this time of year - but this is slightly more than in recent years.

  4. Homes are taking longer to sell. Homes took 21.6% longer to sell in 9/18 than in 9/17. (45 days on market vs 37 last year).

  5. Use me as your free resource. I’m here to help! In markets of any temperature there are effective strategies we can use to help you accomplish your real estate goals. Call me and let’s game plan: 503-473-3923.

Julie Lais
Call: 503.701.7023
Email: julie@housesofportland.com
Visit: www.housesofportland.com

Premiere Property Group, LLC

1201 NE Lloyd Blvd Suite 115,
Portland, OR 97232
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