Portland Real Estate October 20, 2021

Portland Area Real Estate Stats for September 2021

October 2021

What a colorful year in the Real Estate field~as frenetic as Pac 12 football! Here’s how the stats line up for the September market.

Portland Metro new real estate listings were up 15% over Sept. 2020. Pending sales were up .06%, and closed sales dropped 2.6%.

Year to date shows an increased sales price of Portland Area homes 17.5% to $570,200. This is one for the real estate record books. Core Logic notes national  average home prices increased by 19.7%. To reflect the current market, lenders

predict Freddie Mae and Mac will raise the conforming limit (allowable loan limit before the Jumbo rate kicks in) for single family homes to at least $625,000+ for 2022. This should give buyers more agility to avoid a Jumbo loan.

 

Robust buyer activity continues 4th quarter~don’t be sidelined unnecessarily.

Inventory is at its highest point this year, but still just 1.1 months of available listings.       

Industry analysts are predicting a heated market for 2022.

For the complete local Portland real estate market report, click HERE.

 

Now is a great time to sell! Seasonal changes require a shift in strategy

and staging to showcase your home, on a timeline that works for you.

What’s your goal?

I’ll prepare a game plan for you to maximize your real estate profit.

I’d love to be a part of your team.

 

Warm Regards,

Kim

kimkress1@gmail.com