February Market Action

Screen Shot 2015-03-19 at 4.52.36 PM This market's February beat last February 2014 pending sales by 37% and closings by 12%, in a demonstration of the strength of this year's market.

A look at Portland's areas show the lowest days on market in NE Portland at 60, as compared to the market's average of 81 days. These DOM reflect both the home that sold in four days with multiple offers and the home on the busy street with orange shag carpeting that was a bit too ambitious in it's pricing.

Sellers, yes-  it is much easier to get your home sold in the current market. However, the time spent in preparing it properly can mean the difference of tens of thousands of dollars in your net proceeds, so this is no time to be complacent if you truly wish to capitalize on your investment.

Buyers, don't be disheartened. The time spent in discussing a good strategy ahead of looking at any homes, and recalibrating often, can mean all the difference in your success.