Whether you are in the market to buy or sell- we think that this tidy little Total Market Overview is a GREAT way to see what the market is doing in your area. Below is the overview for Northeast Portland (one quick peek, and you will see that this area is on fire!). One huge thing to point out before you dive in to the numbers- INVENTORY! Low low low. Six months of inventory is considered a “balanced market”. Northeast Portland has an average inventory of 3.7 months! Low inventory and low interest rates mean increased demand and decreased supply.
What does this mean for you? A great time to sell! And a great time to get a smoking deal purchasing a home, before inventory gets any lower.
For a full Total Market Overview, email Natalie at Natalie@getmoving.com. We would be happy to meet with you to discuss just what these numbers mean for you!
-Melody & Natalie