Interest rates may be up, but don’t let that cool down your plans on selling or buying in today’s market.
The Portland Metro region continues to see an overall rise in average sales price of homes, increasing an average of 6.8% between December 2021 and 2022. SW Washington has also seen a rise with an average annual increase of 11.3%,
Time on market has increased, moving to an average of about 55 days for both OR and WA. This is likely the result of an increase in available inventory and decrease in the number of qualified buyers. About 30% less houses are listing when compared to last year in both states, but with less people shopping, this is leading to more inventory on the market.
The changes in today’s market mean a strong marketing plan and great agent matter more than ever when listing your home