National homes sales up – where is Portland?

by | Jan 26, 2009 | How to Guides, Uncategorized

I read a great article in CNN this morning that shows the national home market is starting a rebound. Nationally homes sales are up with buyers taking advantage of low prices, low interest rates and in some cases tax credits. Read the Article here.

Portland numbers look something like this:
Last January we had 1,908 new listings and 479 closed sales in Multnomah County
This January we’ll have 1,373 new listings and 250 closed sales in Multnomah County

These numbers indicate that prices will feel presure to go down until the number of closed sales starts to increase. But like we’re seeing nationally, there comes a point where homes become more affordable and an entirely new level of buyers are able to make purchases and lower the inventory.

0 Comments

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