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2019-04-16 15:11:29
Market Update :: April 2019

Home prices continue their spring ascension in 2019 – although pricing remains at identical levels from the same time last year.  Other mixed signals include inventory levels.  PDX-Metro recorded 2.2 Months of Inventory (down from 2.7 last month – but the highest recorded March since 2014.)  Volume also picked up from February, 2019 – but YTD, closed sales are down 8.1% compared to last year.  These statistics would indicate the once frenzied real estate market has cooled enough to hold only a slight seller’s advantage in current times.

This can be good news for both buyers and sellers as a stable marketplace allows more options for those looking to transition or get in the market for the first time.  Don’t get me wrong – multiple offers are still common – but only if the home is underpriced on a quiet street in a good neighborhood.

Mortgage rates continue to impress with 30-year fixed rate mortgages costing only 4.125% for an owner occupant.  The inexpensive money is certainly keeping the market afloat.  Low rates help insulate any downside for long term real estate holds – and a low monthly payment is critical for most families.  On the flip side, property taxes continue to rise well beyond any reasonable metric – this factor alone will start weighing negatively on the market if kept unchecked.

 
Blog Archive
2019-10-18 13:01:27
Market Update :: October 2019

2019-09-17 12:13:38
Market Update :: September 2019

2019-09-16 17:45:20
National Snapshot: How's the Real Estate Market?

2019-08-15 16:37:39
Market Update :: August 2019

2019-08-15 16:25:03
Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget

2019-06-22 18:38:27
Serious About Selling?

2019-06-21 14:11:31
Market Update :: June 2019

2019-05-17 14:18:03
Market Update :: May 2019

2019-05-15 14:36:49
'Spark Joy' for Buyers

2019-04-17 12:15:09
10 Home Buying Myths

2019-04-16 15:11:29
Market Update :: April 2019

2019-03-15 15:11:26
Market Update :: March 2019

2019-03-14 12:27:21
7 Things To Avoid After Applying for a Mortgage!

2019-03-01 14:50:35
Market Update :: February 2019

2019-02-26 12:13:13
Design Trends for 2019

2019-01-15 12:11:43
Market Update :: January 2019

2019-01-14 10:31:24
January 2019 Report: What’s Ahead for Real Estate in 2019?

2018-12-05 12:08:14
Market Update :: December 2018

2018-12-04 16:40:04
‘Tis the Season: 5 Reasons Why Winter is a Great Time to Buy or Sell a Home

2018-11-06 11:54:46
Are You Covered? A Homeowner’s Insurance Guide

2018-11-06 10:41:43
Market Update :: November 2018

2018-10-17 13:40:46
'How's the Market'

2018-10-02 13:43:46
Market Update :: October 2018

2018-10-02 13:42:42
Market Update :: August 2018

2018-08-31 12:22:39
Portland Heights OPEN HOUSE

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BrianSpear
(503) 515-9374
Spear@JMAProperties.com
Licensed Real Estate Brokers in the State of Oregon

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