Supra Lockbox Activity -- Week Ending 2/21/10
NOTE: The Supra Lockbox is the magic access key that allows agents to open the doors on listed property. It also keeps statistics, and as you can see, there has been a INCREASE in activity for Oregon, which also includes Portland, OR real estate activity. The Metro Porltand market is the largest in the State. But this is an all encompassing Statewide stat. Keep in mind: This does NOT mean that sales, closed transaction, inventory have INCREASED or DECREASED.
In last week's report I wrote: Well, this is a slight uptick with a 3.2% INCREASE in Supra Lockbox activity, it only plays a little catch-up with the week prior (ending 2/7/10) and the decrease. I'm really not seeing the levels of buyers out and about as I anticpated.
It seems that the INCREASE of 6.7% is a good thing. And it is. Buyers are looking and there has been some slight increase in the numbers. The market has a lot of inventory. A LOT! There are some great properties and Sellers are motivated. We all now that the end of tax incentive is in two months -- a buyer must be in contract by the end of April. We will watch the progress of listing activity.
BUYERS: What that means for you . . . the properties you have interest in might / might not have the level of activity as expected. These showings are for the RMLS Supra lockbox in the state. The Portland, OR real estate market might have slightly higher levels of activity.
SELLERS: Check and see with your listing agent if the STAT above is holding true with your property. Are you getting any more showings, or has activity level dropped??
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