There is a surprising thing happening right now; Prices are up and new listings are up but it feels like there is less for sale. Here are the numbers and why it feels like less is available even though there is really more.
All numbers are YTD [Year to Date] through June 2013 in the Portland Oregon metro area.
New Listings are up 8.8% – more than 1,600 more homes have been listed.
Pending sales are up more than 17% which is almost 2,200 more homes in contract.
Closed sales are up 16% and that translates to over 1,700 more sales.
Median sales price is up 14%
So while there is more to choose from homes are simply selling faster than last year. This is why you need to be ready to make an offer very quickly. But rest assured there are options out there for you!