Riddle me this: How can home sales grow when we have no homes to buy?When a monthly home sales print fails to meet expectations the excuse often used is that inventory is too low to meet the demand.
Portlands Accelerating Real Estate Market Stands Out Among Major Cities For Better Or Worse
The “Turnaround Towns” report compares shifts in for-sale inventory, median list prices and the time properties spend on the market, as well as search and listing activity on the National Association of Realtors-affiliated website.
Portland comes in at No. 8, between No. 7 Detroit and No. 9 San Diego. Oakland, Calif., tops a list that includes six California metros.
The median list price in Portland has jumped 12 percent in the past year. The number of homes on the market has dropped 23.5 percent, while the amount of time those homes have spent on the market has dropped 45.8 percent. Homes here spend an average of 39 days on the market, compared with a national average of 83 days. Read More Here...
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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