If you are a buyer looking for a new home in the Portland area, then you've probably noticed that available inventory is as tight as a drum. That's because buyer traffic is up 40% across the country from a year ago while homes available for sale have dropped.
At the end of January, homes available for sale fell 4.9% according to the National Association of Realtors. There is a 4.2 month supply of homes available which is down from 4.5 months in December. That's the lowest supply since April 2005 When supply was at 4.2%.
If you are a home owner thinking about putting your home on the market then NOW IS THE TIME!!! Why wait till spring when the inventory may open up creating more competition for you. Buyers need homes NOW and waiting could cost you valuable time and money.
Contact me at 503-318-1918 if you would like to know what I can do to sell you home quickly for top dollar. If you are a buyer, I have strategies that can help you land that home in a multiple offer situation. I am here to help.
Photo from milesandbarr.co.uk
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