What We Are Seeing Out There–Matt’s Market Insidery

As we enter the last month of the first quarter of the year, we are getting a clearer picture of the 2023 market.  Thankfully, after an abrupt slowdown last fall due to increased interest rates, we are seeing signs of a fairly strong market.  This is no spring of 2022, but I for one am thankful we are not returning to that unhealthy inferno.  It gave us skyrocketing appreciation, which is an incredible bonus for sellers, but unless you are exiting home ownership and property investment altogether, it is a non-sustainable trend for all parties involved.  Now with mortgage rates stabilizing, and still at moderate to low historically, we are seeing there are still many buyers in the market, and that stabilization is normalizing the rate of sales and turning this into a pretty great spring.

This is all to say that I had fears of a big real estate slowdown, and the market is proving that not to be true.  But I am still seeing some homes taking longer to sell, and homes that are not marketed and staged well, going for much lower sales prices. Also, there have been a few cases of well priced and prepared home selling with multiple offers and above asking price!

So what can sellers do to set themselves apart?  How can your home be the “Belle of the Ball?” This all comes down to preparing your house to sell with those final maintenance and touch up items, and the right staging and presentation to set your home apart in a more competitive market – and help you get the biggest return in the shortest amount of time. 

And that is how we can help you from an initial walk through and recommendations, to hiring the right contractors and handypersons to make sure your property stands out.  If you would like to find out more, give us a call.

Matt Guy

Principal Broker | OR

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• T: 503-939-8097
• matt@livingroomre.com