The market is moving at a strong clip primarily because there are more buyers than there are houses. Lack of inventory has been an issue in Portland for years, but we are currently feeling that in a very heightened way. We are seeing heavy competition in all price points – even among the luxury homes that usually take a bit longer to sell. If you are looking to buy, you will most likely experience a little heartbreak and may start to feel a bit burnt out. You’ll need to be ready to act quickly and think creatively and competitively. (That’s where a great agent comes in!) Don’t give up. New listings are popping up every week as sellers get more comfortable with living with the new realities of this pandemic.
Project: Real estate brokerage’s monthly newsletter distributed to colleagues and past and potential clients.
Elizabeth Merritt 