Market Update for Estacada, Oregon August 26th 2013

By
Real Estate Agent with Elevate Realty Group NW by Keller Williams 200802165

Inventory has been lightening lately in Estacada and Eagle Creek and the Market Action Index has been trending up. Though days-on-market is increasing, these
are mildly positive indications for the market.

Estacada Market Report

 

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Estacada Market Report

 

We continue to see prices in this area bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Estacada Market Report

 

 

If you would like an analysis of your local area, just contact me!

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FarmandRanch
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Tags:
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price trends
estacada
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Molly LeBlanc

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