Mt. Hood Real Estate Sales for November 2015
The multiple listing statistics just came out for Mt. Hood sales for the month of November 2015.
November stats show 15 closed sales with the number of pending sales down 20% compared to November 2014. In December we currently have 16 pending sales so with the traditional holiday slow down I expect sales numbers to be close to the same for December's closings.
There's no doubt 2015 has been the best year we've had for sales on Mt. Hood since the crash of 2008! Interest rates will begin to inch. The reality of low interest rates over the past seven years is going to be a major wake up call for anyone who hasn't experienced historically normal rates of 7 or 8%.
I'm optimistic about 2016. Usually when interest rates begin to rise more buyers hit the market to take advantage of lower rates so we are expecting increased activity for 2016.
