We in the Portland Metro Oregon area are experiencing a rather gradual slowdown of the market....one that usually happens this time of year, but one we had hoped would not occur this year, given the robust market thus far.
Buyers continue to eagerly chase the next new listing...expecially in the $170,000 to $270,00 range....still a lack of inventory vs number of potential buyers in the market....
Some listings are not selling as fast as earlier in the year, especially those in need of makeovers...the over priced homes are experiencing multiple price reductions....agents are marketing their properties, where earlier they simply had to enter them into the multiple listing system.
Open houses are back, as are broker's opens...mailers, phone calls, coffee with clients....back to basic marketing and prospecting.........
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