According to year to date statistics from Willamette Valley Multiple Listing Service, real estate inventory is down 13.35% from last year. Agents are noting an increase in traffic at open houses and the number of calls received per listing is up.
There is a definite shift in how buyers are reacting to new listings on the market and the sense of urgency in viewing homes and writing offers.
Sellers planning on putting their homes on the market can expect to have good traffic and fewer days on the market unless they overprice their home.
We have the “makings” for a productive market this summer in the Willamette Valley and surrounding areas!