Spring Market Update

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  1. It’s a Seller’s Market

  2. House prices are going up

  3. Appraisals are coming in at purchase price

  4. Inventory is low

  5. Some Buyers are using cash and then getting a mortgage

  6. Buyers are waiving appraisal contingencies

  7. Buyers are still moving into Portland from out of state

  8. Portlanders are selling and moving out of the area or to the suburbs

  9. Interest rates are going up, but still not at the “normal” rates that we saw from 1992-2008.

  10. I’m accepting new Listings!