May 2024 Market Insights: Southwest Washington and Portland, OR Real Estate Trends
Hello, I’m Melissa Shaw, your trusted guide in Southwest Washington and Portland, OR real estate markets. With over two decades of experience, I’m here to help you navigate the current trends and make informed decisions for your next move.
Steady Trends in Listings and Sales
As we enter the summer months, new listings in Southwest Washington and Portland, OR are holding steady at around 8% week after week. This consistency is typical for this time of year, with kids getting out of school and families preparing for the warmer months ahead. Similarly, pending sales are just above 7% for both markets, indicating a healthy level of activity.
Shorter Days on Market
One of the highlights of our local markets is the relatively short days on market. Currently, homes in Southwest Washington and Portland, OR are averaging 34 to 36 days on market. This is significantly lower than the national average of 105 days, showing that our areas remain highly desirable.
Stable Prices Amid Slight Fluctuations
Prices in our markets are holding steady, with a slight dip of 1 to 2.5% recently. These prices, ranging from $575,000 to $625,000, are influenced by various factors including time on market and specific neighborhood dynamics.
What These Trends Mean for You
Whether you’re a seller or a buyer, understanding these trends can help you make strategic decisions. If you’re considering selling your home, it’s crucial to market your property effectively based on these insights. For buyers, staying informed about the market dynamics will enable you to find the right home that fits your needs and timing.
Planning Your Next Move
If you’re thinking about making a move, it’s essential to have a strategy that aligns with the current market conditions. Let’s connect and discuss how we can navigate these trends to achieve your real estate goals. Whether it’s a local move within Southwest Washington and Portland, OR or a transition from another area, I’m here to provide the guidance and expertise you need.
Ready to take the next step? Click the link below to schedule a consultation. Whether over coffee, Zoom, or in person, we can discuss your unique situation and plan your next move together.
Navigating the Portland, OR and Vancouver, WA real estate market requires insight and a personalized touch. With my extensive experience and commitment to your success, we’ll ensure your real estate journey is as smooth and rewarding as possible. Let’s find your perfect home where your heart is.
By staying informed and proactive, you can make the most of the opportunities in today’s real estate market. Whether selling or buying, understanding the local trends is key to making the best decisions for you and your family.
Remember, home is where the heart is, and I’m here to guide you home. Book a call to make your move happen: calendly.com/lewisrealtors
