HOUSING INVENTORY IS BLOWING UP in Portland, OR & surrounding cities!📈🏡
Updated: Jul 5
Housing Inventory is up year on year in 9 out of 12 locations in Portland, OR & surrounding cities, but the month-to-month trend shows a Housing Inventory increase in all 12 locations. This is probably more related to an influx of inventory during the summer months, but so far, the demand hasn't caught up just yet. More Housing Inventory is good news for home buyers, but it will be interesting to see how long this increase will last.
You are jeopardizing yourself if you're one of those home buyers sitting on the sidelines until the mortgage rates drop. If you can afford to buy now and refinance when the rates go down, this is the best opportunity to purchase a home with more inventory options, lower price points, and less competition. Trust me; there will be so much more competition when the rates go down.
See Homes for Sale by Location - No need to search. Results ready-to-go! 🏡🙋♀️
See Homes for Sale by Price - No need to search. Results ready-to-go! 🏡🙋♀️
This video is part of a 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. 😃
Take care, Sheryl
