How’s the Market?
2019 real estate numbers are in for March…. Home appreciation still tracking at 4% for the Portland Metro area. Sellers are coming to the market, new listing up 43% over February. Interest rates lower now than one month ago, this is helping drive buyers into the market.
March Market Watch:
Pending sales rose 5.4% from February 2019
Closed Sale rose 26% from a month ago.
New listing up from February at 43%.
Residential listing time on market slightly down from 75 days last month to 68 days in March. Luxury home inventory above $600K is higher, on average is 132 days. Homes priced between $300-400K are on the market at 60 days or less.
Housing inventory remains low at 2.2 months (still a Seller’s Market).
What about those interest rates? Good news, 30 year fixed 4.3 % & 15 year Fixed 3.8%. Even more for your money now!!!