March Mt. Hood Real Estate Sales Are Up!
RMLS has just released sales for March of 2016 showing sales surged for the Mt. Hood area. Many buyers are moving to the area plus vacation home purchasers are on the increase as minimal inventory is creating multiple offers on many properties.
Compared to 2015 sales are up nearly 82% for March showing buyers are taking advantage of an improving Oregon economy and still low interest rates! Sixteen sales closed showing a strong first quarter finish. Compared to 2015 the first three months pending sales are up 63%. It's taking just over three months for marketing time as an average over all pricing points.
Although we are not at the PDX frenzy point yet, many buyers need to be ready to jump right in if they see the property they want because they can go quickly.
