Market Update – Low Rates – A good time to buy

by | Sep 26, 2007 | How to Guides, Uncategorized

Homes are selling and money is cheap!
We currently have 6.2 months of inventory which is the beginning of a buyer’s market – there are about 16,000 homes on the market in Portland metro. Rates are at their lowest in 4 years and it’s a great time to borrow money. All this being said the median home price is still going up – about 8% over last year. Well priced homes still sell quickly with about 50% of well priced homes selling in the first 30 days. Average time on market is just under 50 days which tells us that the amount of listings is due more to people cashing in on appreciation rather than people not buying. Homes are selling and money is cheap!


Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington