Will Higher Interest Rates Cool the Market? | Portland Sales Volume Report | December 2016

by | Dec 22, 2016 | Market Reports, Sales Reports

Will Higher Interest Rates Cool the Market?

813 homes sold in Portland this November which is 42 more than October. Pending sales are starting their predictable softening into Fall and Winter. The market is still favoring sellers and promises to keep inventory low, although buyers should have an easier time this winter vs winter 2015, which had the lowest inventory ever. Rising interest rates could have a cooling effect on the market.

Wild cards: As prices rise, more buyers are priced out of the market which could slow the pace of sales. Interest rates have dropped close to all time lows. Out of state investment continues to push prices and rents higher and keep inventory low.

I’m predicting around 700 closed sales in Portland (RMLS areas 141, 142, 143 & 148) in December.

capturedsfasdfaf

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