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Market Trends
Commentary Provided byAnne Stewart If you can qualify, now is an exceptional time to buy a home in Southwest Portland. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 503-804-1466 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Multnomah | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | Inventory is at a low since the start of 2009, however, we are seeing a rise in inventory since fall & winter months tend to increase inventory and keep inventory that is not selling | ||
| Average Home Price | $350,000 - View Graph Trend | ||
| Best Selling Price Range | $200,000 - $249,000 | ||
| Worst Selling Price Range | $750,000 - $799,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 85-90% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | I have seen many multiple offers in this market. The saying still holds true that a great home priced well will not sit long. Sellers are understanding that buyers want to see a 'compelling' price to act on it fast and thus when a seller gives an aggressive price the buyers all show up at once. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Southwest Portland is | Increasing | ||
| Seller Activity for the past 90 days in Southwest Portland is | Increasing | ||
| Is Financing Available For Qualified Buyers in Southwest Portland? | Yes | ||
| Comments on Financing For Qualified Buyers | There are some fantastic programs out there, low interest rates and of course getting the seller's to help contribute towards closing costs is a big help for the majority of buyers out there. | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% | ||
| Housing Hot Spots | Most cities within the Multnomah County area are considered 'Housing Hotspots'. | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $350,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
 CONNECT WITH A LOCAL PROFESSIONAL 
Anne Stewart
Keller Williams Realty Portland Premier Portland, Oregon 503-804-1466 AnneStewart@kw.com Agent Home Page 
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Southwest Portland Local News
News for Southwest Portland, OR - Monday September 28th, 2009 4:55pm
The $8,000 Tax Credit is still available but not for long. In Southwest Portland, Oregon;home buyer frenzy has heated up our marketplace. As we approach the Fall and Winter months the activity remains high but the historical trend is for things to slow down a bit as we approach the holidays. However, smart home buyers often find this time of the year advantageous to buy because they are not competing with as many other home buyers. Sellers who are on the market typically are more motivated since they see less activity then normal often find themselves more flexible on terms to capture their buyer.
If your looking to take advantage of all the great reasons to buy call me !!
Send me an Email
503-804-1466
