Wednesday, June 10, 2009

Real Estate is Selling....

Buyers and Sellers: Things are Moving, Don't Miss This Buying Season

Be sure not to miss the window of LOW rates, HIGH affordability and LOTS of inventory to choose from....see the chart below and compare it to just last month. As you can see, real estate is selling in the Portland market.

New Stats for May, Compared to April:

Prices up to $299,900 -- absoprtion rate is now 8.0 months' supply (down from 8.4)
Prices $300,000 to $499,999 -- absoprtion rate is now 10.0 months' supply (down from 11.4)
Prices $500,000 to $699,999 -- absoprtion rate is now 17.7 months' supply (down from 18.4)
Prices $700,000+ -- absoprtion rate is now 42.2 months' supply (down from 54.4)


Be a buyer in the best buyer's market in 35 years!