Clients and Friends, We have a strong and healthy real estate market functioning on all cylinders this year. We are off to a very good start and expect a good year of plenty. Sellers have the advantage but buyers in our area have more and better choices than closer into Portland proper. The challenging issue, […]
Read More →Market Action Reports – January 2018
Clients, Colleagues, and Friends, 2018 is off to a very good start! The weather has been accommodating to real estate (unlike last year); the economy seems to be hitting on all cylinders (consumer confidence is high; unemployment is historically low), and the real estate numbers for the Portland metroplex are impressive. Pending sales (accepted offers) in the […]
Read More →Market Action Reports – December 2017 & Year-end Summary
Clients and Friends, The final farewell to 2017 is in (see the Market Action Reports below). Not surprising, the numbers prove what boots-on-the-ground concluded throughout the year. The real estate market softened significantly last year; I call it a leveling out from the rocket trajectory we launched in Portland in 2012. For a reality […]
Read More →Market Action Reports – November 2017
Friends and Clients, 2017 is slipping into the history books and a New Year is upon us. Attached are the reports for November; the December close-out will be coming in about 2 weeks or so. Most would agree with me that the cold weather, and yet plentiful sun this year is much better all the […]
Read More →Market Action Reports – October 2017
Clients and Friends, The 3rd Quarter Affordability Index (last page of the Market Action report) shows that properties in the greater Portland metropolitan area are the least affordable they have been in the past 10 years. This is not surprising. Ten years ago, at this time in 2008 we were crashing for the second time. The […]
Read More →Market Action Reports – September 2017
Clients and Friends, We always expect our September numbers to be down (along with August). We always expect our October and 4th quarter numbers to go up. This Fall we seem to be following the normal pattern which we trust will be good for our end of year quarter. The September numbers are in and yes, […]
Read More →A Balanced Marketplace – Market Action Report
Clients and Friends, The August sales in this report show the closings for transactions that were mostly initiated in June (a few in May; very few in July) at the peak of the year’s sales, and at an escalating time of the year. These numbers are not impressive (in spite of the nonsense real estate commercials you hear on […]
Read More →Portland still best value on the West Coast – Market Action Report
Clients and Friends, This report ends the second quarter. We have moved from relentless rain to relentless sun. Paralleling that, our markets have moved from deflated sales and we are getting back to normal sales. It has been an unusual marketplace this year and I characterize it as unpredictable (like the weather). What happened to […]
Read More →Climbing Home Prices – Market Action Report
Clients and Friends, Prices continue to climb even while we wrestle to understand the changing market conditions. Overall, in the Portland Metro Area (including Yamhill County), average and median prices are high and climbing- each at 10.7% comparing the last 12 months with the 12 months previous to that period. Prices have been rising since […]
Read More →April & May Market Action Report: Marketplace Coming to Life
Clients and Friends, It happens at least one month every year… the workload becomes so intense that it takes me two months to find time to put out the Market Action Report. That is not necessarily bad news! It is a good problem to have (compared to the famine years) but it is still a problem… […]
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