The year has started off on a positive note. Sales activity in the Portland metro area continued to show improvement in closed and pending sales when comparing this January to the same month a year ago. Closed sales experienced a 18.3% increase, posting the highest numbers for January since 2007. Pending sales saw growth of 22.4% in the same comparison. Market time also improved, decreasing from 160 to 136 days.
There were 16.5% fewer newly listed residential properties. The combination of higher sales and fewer new listings helped to create a much lower listing inventory for this season than seen in the previous two years.
Call me today to talk about your home’s value in this complex marketplace. I’m seeing multiple offers and over list-price sales on some properties. There was a home in my neighborhood that went pending in 4 DAYS!
Joelle Lewis
RE/MAX Equity Group Lake Oswego
503-407-8586
