The weather’s heating up and so is the Real Estate market.

The weather’s heating up and so is the Real Estate market.  I had one buyer out last week that by the time they came into the office 3 or the 7 homes we were going to look at had just received an accepted offer and were now off the market.  Talk about a turn around.  Couple that with several articles I have read recently  that have Oregon as poised as one of the appreciation hot spots in the nation(specifically Corvallis, Eugene and Medford) I would say that it is starting to feel a little like a seller’s market.  I don’t think we are there yet but it there are certainly more signs everyday that we are cautiously approaching that turn.  This month’s Willamette Valley Multiple listing service shows even more evidence of that.  You can open the attached graphs for more specific detail but suffice it to say that the number of listings from May 2011 compared to May 2012 are up by 156 units, and the number of actual sales for those two comparable months are 67 for May 2011 and 88 for May of this year.  Those are all good numbers!!

Of course world economic news continues to be a cloud on the horizon but even that news seems to be a more positive mix of good and bad than we have seen for some time.

RE/MAX National Housing ReportRE/MAX National Housing Report

 

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Fred Adams