It’s here the October 2009 Portland Real Estate Market Action Report (Area 151 includes Sherwood Real Estate data)
Pending sales are up over this same time last year according to the latest RMLS Portland Market Action report released just yesterday. In this report it shows closed sales rose 37.1% and pending sales hit yet another record going up by 64% – when compared, this is the largest same month increase since February of 1996!
Great news, but why the spike? We think it has a lot to do with the previous November 30th deadline for the first time home buyer tax credit – looks like the home buyer rush worked! That $8,000 first time tax credit along with a new $6,500 “move-up/repeat” buyer credit has since been extended into spring. You can learn more about this great opportunity at www.OregonHomeBuyerTaxCredit.net
Keep in mind that we’re hearing it first-hand from buyers and sellers who consider the tax credit as a motivator in today’s real estate market. You’re seeing the numbers here at a glance and even better, we’d be happy to break it down to your “local” market and neighborhood for a closer look at what’s really going on and how it can best benefit you. In a nut shell, sales are up, pending sales are increasing at a rapid rate and new listings were down in October by 4%… A new supply and demand trend is in the making.
If you’re timing the market, thinking about buying your first home or looking to buy up, you better start looking now – Houses are moving and months of available inventory is decreasing. With more sales and fewer choices, this provides a great opportunity for you to place your home on the market and take advantage of the buyers who are looking to take advantage of this tax credit, excellent home values and loan programs.
Find out the value of your home now: www.SherwoodHouseValues.com
Portland Metro Market Action Report October 2009
