Fresh figures on our real estate market were recently released by the Regional Multiple Listing Service, RMLS.
Thanks in part to our continued low inventory of homes for sale, our housing market remains strong, with price increases the rule, not the exception. At our current rate of home sales, our market would now run out of properties in 3 months. That’s traditionally considered a low figure, since real estate experts consider inventory levels around 4-6 months to be more balanced between buyers and sellers. At this point, we remain in a ‘seller’s market.’
Given this ‘seller’s market,’ the average price of a home in our region is now up 6.2% over the past year. Hillsboro and Forest Grove top the year-to-date price gain at 10.9%, with Southeast Portland up 10.3% and Northeast Portland appreciating by 9.1%.
Check out the latest real estate information on your Oregon neighborhood or town here on page two of this latest ‘Market Action’ or click on the ‘Market Action’ image below.
Thinking about selling? It’s a seller’s market, so now is a good time to sell when housing demand is high. Contact Certified Realty using the contact form below for a free consultation of what your property could sell for in today’s market.[contact-form-7 404 "Not Found"]