Shifting Gears for Spring
As we step into May, the Portland real estate market is showing clear signs of seasonal momentum. We're seeing more inventory come online, and well-prepared, move-in ready homes are still drawing strong interest - often going pending within days of hitting the market. On the other hand, properties that need updates or are priced too aggressively are sitting a bit longer, often leading to price adjustments after a few weeks.
What's driving these shifts? Interest rates continue to hover in the mid-6% range. While this isn't a drastic change, it’s enough to keep some buyers cautious and some sellers on the fence. Still, we're seeing motivated buyers actively pursue quality homes - particularly those that are turnkey and priced well. The broader economic picture, including inflation and affordability concerns, continues to influence both pricing strategies and sellers’ willingness to list. That said, there's clear opportunity in the market for those who are ready.
Spring energy is here! With the weather warming up and longer days ahead, many homeowners are getting serious about their next move. Whether you're considering selling, buying, or just curious about your home's value in today’s market - I’m here to help you navigate the next steps.
Feel free to reach out for a consultation, market insights, or to simply catch up!
Happy Spring,
