Key Market Indicators – February Recap 2022
Portland Metro Housing Update - Resale Only
Buyers can look forward to more available homes this spring, as more listings are on the way. Historically, the number of new listings bumps up in March and April, then goes up even higher in May and June. Last year, new listings in the Portland Metro area went up 51 percent from February to March; this trend is likely to continue in 2022. In the Portland Metro area, Sales Activity Intensity™ is predominantly extreme frenzy up to the $1 million price point (95 percent of sales activity). Sales Activity Intensity™ is surge from $1 to $2 million and there is strong sales activity from $2 to $5 million.
More Listings on the Way
Average % of New Listings (Pending) in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
78%
Current
3.90%
30%
Normal
THE PRIME-TIME LUXURY MARKET
Spring is almost here, and with it comes the prime-time luxury real estate market! This season provides the best selection of luxury homes for sale, maximizing opportunities for those looking to buy or sell a luxury home. The prime-time luxury season runs from March through October.
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