Mt. Hood Real Estate Sales April 2020 stats
The final numbers for April 2020 sales are out from RMLS. Take a look at these recent numbers:
April had 31 active listings on the market. I've never seen this little inventory on the market in the past 35 years. Pending sales have dropped 42% for April. For 2020 the cumulative pending sales are down just a tad under 17%. April saw a total of 8 sales. On the plus side there are currently 21 pending sales that should be closing eventually.
I know credit is tightening so a good credit score is a must in order to buy in this market. Many lenders are cutting out home equity loans which cuts off a good source of down payments and cash for buyers. It will be interesting to see what effect this tightening of credit will do to our market. All indications are that we will continue with a strong seller's market at this time and hopefully with some opening up we will see more properties hit the market.
