This CRAZY Market!!

Our market here in the wonderful Portland Metro Area has been pretty crazy over the past few months. July was no differnent!

• Closed sales (2,766) topped June’s number (2,511) by
  10.2%. This represents the best July for Portland since 2005, when there were
  3,258 closed sales!
• New listings, at 3,877, were up 3.4% in July over the previous month, and 22.6% over July 2012.
• New listings, at 3,877, were up 3.4% in July over the previous month, and 22.6% over July 2012.
• New listings, at 3,877, were up 3.4% in July over the previous month, and 22.6% over July 2012.
• The average sales price so far this year is $307,100, up 14.0% from the same period in 2012, when the average was $269,300

These Inventory levels mean that it really may be the time to sell for you! It might be shocking to see what your home is actually worth at a 2.8 Inventory level!!! What that means is that it would only take 2.8 months for our inventory to run out if no new listings came on the market!

(Just a quick FYI, a "seller's market" is considered a 4.0!  A buyer's market is 6.0 and everything between is considered a "normal" market!)

Contact me TODAY to see what your home may be worth in this CRAZY market!!