New Weekend, New Listings!
- By Tim Pitts
- February 23, 2018
The market numbers from December were a bit of a mixed bag. During this typically slow time of year, we expect to see activity and prices drop slightly from one month to the next, making comparisons to this time last year is a better indication of the market. So, looking at December of 2016 we see new listings are up almost 14% - the strongest December in six years and a good sign for the coming year. Despite this, closed sales were still down over 10% even with the strong pending sales we saw in November. Read More
While most indicators are down this month compared to October (new listings, pending sales, closed sales, and prices), nearly all are up from this time last year. Every year we expect to see activity (and therefore prices) drop slightly in the fall and winter, so comparing to this time last year is a better indication of where the market is. With new listings up 16.2% and pending sales up almost 5%, the Portland Metro Area is still showing signs of a sellers’ market, despite the drops from last month. Read More