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Musical Houses

September 8, 2014 By Roy Widing

Moving toward Autumn and the new school year, it’s reasonable to expect a somewhat slower pace for Oregon home sales. That’s because many, though certainly not all, 2014 homebuyers have purchased by now.

Many, though not all home buyers complete their move well before winter.
Many, though not all home buyers complete their move well before winter.

Due to considerations like weather and school, a sizable number of Oregon homebuyers target September as a good date to have completed their move. Given such timing, plus a shift in mood and the dynamics of supply and demand, you might consider this interaction between buyers and sellers as a bit of a dance. And at the end of it all, there is even a key change, as the new owners move in.

May I have this dance?
May I have this dance?

The onset of school all by itself brings “empty-nesters,” relocating transferees, singles, and young families to the forefront as larger potential portions of the buyer pool for the remainder of the year. For sellers, Autumn and Winter can bring fewer, but a possibly higher percentage of motivated buyers, along with less competition, when compared to Spring’s fast-paced real estate tempo. During this time of year, buyers routinely enjoy a less frenzied pace, with reduced competition, too.

If Spring's real estate tempo is a Viennese Waltz, Autumn and Winter are a Foxtrot.
If Spring’s real estate tempo is a Viennese Waltz, Autumn and Winter are a Foxtrot.

The average market time for a Portland area home was recently 57 days, with the average market time for a Salem area home at 93 days. So as the tempo moderates in coming months, expect, even enjoy, the slow dance ahead.

"I said Strauss, not house!"
“I said Strauss, not house!”

Thinking about selling your property in 2014? Contact Certified Realty using the convenient form below for a FREE report on what your home could sell for in today’s market.

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Filed Under: Oregon Housing, Oregon Real Estate, Willamette Valley Real Estate Tagged With: Oregon Real Estate, Willamette Valley

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