Published April 26, 2018

March Market Action Report - Portland Metro Area

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Written by Noah Kragerud

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The market is heating up for summer!  The market is a bit cooler than March of last year, but heated up significantly from February of this year.  Days on Market are shrinking back as homes, especially under $350,000, are moving pretty quickly and typically pending within a week.  Interest rates are slowly climbing and still expected to increase throughout the year.  Prices continue to appreciate at a slower, but steady pace make affordability of homes more difficult.  With no relief in sight, it doesn't make sense for buyers to wait and will likely only get tougher for first time buyers. 

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way