I recently helped clients sell this 2 bedroom home in Ladds Addition. Winter is right around the corner but the market is still going strong. If you’ve been thinking about buying or selling (or know someone else who is) give me a call at 503.748.8206. I’m here to help you with any of your real estate needs and I always appreciate your referrals.

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This week I talked about the signs of recovery in the local real estate market and this months surprising inventory numbers. Skip to the middle for my segment.

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This week we discussed first time home buyers, skip to the middle for my segment.

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850 homes were sold in Portland in October, way up from 677 in September. I had predicted 575 and the normal sales slow down in Fall and Winter but October shows the positive influence of the first time homebuyer tax credit in a BIG way.

Wild cards: Tax credit has been extended to mid 2010 and new move up buyer tax credit added, will FHA increase minimum down payment to 5% in 2010? Foreclosures are still going up nationally and in Oregon.

I’m predicting around 700 closed sales in Portland (areas 141, 142, 143 & 148) in November. This is more than last year’s numbers so pricing will likely stabilize this winter. Investors will begin to emerge as a major part of the market this Fall and Winter.

Sales volume is a leading indicator for price. To help predict where the market is going I publish this sales volume trend report. The wisdom is that price follows volume so when you see a market trending higher in sales, prices will soon follow up and when sales volume is low, prices will stay flat or fall.

PORTLAND sales volume 111509

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Dont miss this beautiful day ranch in SW Portland! Completely remodeled with new cherry cabinets throughout, wood floors, slab granite, tiled floors and finished basement. Also features a large swimming pool, patio/deck, oversize garage/shop and much more! martha client full

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