October 2017 Real Estate Market Update.
Fall is one of my favorite seasons in Portland as we are treated to a vivid display of colors and crisp clean air. Like the weather, the real estate market starts to cool down this time of year compared to the frantic days of Spring and Summer. The Average Days on Market (DOM) has crept up to 71 which is the total length of time from initial listing to the final closing date. This means on Average, houses are on the market for just over a month before they go Pending and eventually close after inspections, repairs, negotiations and loan requirements are met. With still very low inventory numbers this means a competitively priced house in great shape will sell very fast along with distressed properties lingering longer to give us the average number of days on market.
This is still a very good time to list your house to sell in Portland and if you have any questions contact me at 503.891.4725.
Click the link below for an updated Market Report of Portland OR. If you would like more specific information on your neighborhood or Home Value I am here to help.