July 3rd Report: Inventory is way up!
Summer has finally hit the mountain with warm temps and hazy Northern California smoke interrupting our Mt. Hood views. Along with the smoke rolling in we are seeing increasing inventory of properties rolling in. All price ranges are seeing jumps in active numbers. Take a look at the info below to see the current numbers. Average days on market have hit 106 with a 22 month supply of homes currently for sale. Of course some price ranges are moving better than others. The majority of the homes sold in the past twelve months were in the $225,000-$235,000 range.
If there was ever a great time to purchase on the mountain it is right now. Interest rates are historically screamingly low hovering at 6.3-6.5% and a large choice in inventory. It’s a buyer’s paradise.
We suspect as the 4th of July weekend moves on we will see the bargain hunters emerge.
Have a safe and happy 4th of July!