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  • Writer's pictureSheryl Lyons

DEC 2022 - HOUSING SUPPLY vs HOUSING DEMAND for Portland, OR & beyond! ๐Ÿก๐Ÿคผ

If you're a home buyer, this is your time. Housing Supply is up, and Housing Demand is down. Basically, a lot of the competition is gone, and you can buy a house for a list price or less.

And while we don't want to get too excited by the month-to-month activity, Housing Supply appears to be going down. Now, this could be due to year-end and holidays, etc., but it may be something to keep an eye on. Housing Demand is also going down month-to-month, but not at a catastrophic arc. Even the year-on-year decrease isn't aggressive, which means it could spring back, and it may by February or March, especially if mortgage rates decrease. As I always say, be ahead of the herd, don't follow it.

This video is part of a new series called Trend Watch, where I create a set of videos featuring the most critical Housing Market trends and run them every month so that you can understand how trends work and watch the changes month by month.

I hope you find this information helpful.

Please remember I'm always here for any questions. ๐Ÿ˜ƒ

Take care, Sheryl

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