Blog Stories Easy Sales Are Possible...

Easy Sales Are Possible…

By Living Room Realty, June 25, 2018

        In the past couple of years, the real estate market has been anything but boring. Multiple offers, houses selling for $50k over asking, waiving inspections, these are just a couple of hoops buyers have had to jump through in order to buy a house. It’s called a “seller’s market”. As new construction projects become finished, and more out of state investors back away from Portland due to recent policies forcing landlords to pay several thousands of dollars in moving fees for tenants in some circumstances, the supply is quickly catching up with the demand. This is a shift towards a “buyer’s market”. So what do you call the time in between? BALANCED. On my most recent sale in Beaverton, the scenario was:

Days on Market: 9

Offers: 1 (full ask, not a dollar more or less)

Repairs: Negotiated through credit, everyone thought was fair

 

Of course, the real estate market like most industries is fluid and moves around many variables that include interest rates, local economic health, etc. But for now, I think we can all appreciate a little BALANCE before the next shift.

 

 

Living Room Realty

Living Room Realty is a full-service real estate brokerage with four offices in Portland, one at the coast in Manzanita, and one in Vancouver, WA. At Living Room Realty, we listen and ask the right questions. We’re committed to being your most effective advisor and advocate. Our goal is your success.
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