WHO BENEFITS FROM HIGHER HOUSING INVENTORY in Portland, OR & surrounding cities?📈🏡🤔
The year-on-year Housing Inventory activity in Portland, OR & surrounding cities shows majority increases, and the current activity shows all increases. Housing Supply has risen since February 2023, and Housing Demand has plateaued and even decreased. Increased Housing Inventory is good news for home buyers, and considering we're heading into year-end, this higher Housing Inventory may be around for a while.
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