“How’s the market in Portland?” – we get that question all the time! Here are a couple of highlights:
1) Inventory continues to be very low. In fact, in the last month of 2017, the number of properties SOLD exceeded the number LISTED. (See graph) Wow!
2) Prices are not changing much. How can that be if inventory is so low? It must be due to lower buyer demand. If supply is short and yet prices are stable, then there must be a fairly even supply/demand relationship.
What does this mean to you? Well, if the market remains balanced, it means that neither buyer nor seller has an inherent advantage… which means having an expert advisor and negotiator on your side to find ways to get you the best deal possible is more important than ever!
Included here are a couple of graphs which illustrate the inventory and price dynamics for 2017 in Multnomah County. Can’t wait to see what happens in 2018!
What do you think about all this?