Wildfire preparedness isn’t just for homeowners who live in the woods. Homes in rural areas, suburbs, and cities can all be vulnerable to wildfire—particularly from wind-blown embers
Latest Market Action | July 2024
Dated: August 11 2024
Views: 90
Portland-Metro
In July 2024, the residential real estate market experienced slight changes compared to June 2024. New listings decreased by 4.6%, and pending sales saw a slight decline of 1.2%. A total of 2,075 homes were sold, a minor change of 0.3%. The average sale price was $622,900, down 2.1%. Inventory increased by 7.4%, providing more options for buyers, and the total market time improved by 2 days, indicating faster sales.
Vancouver and SW Washington
In July 2024, the residential real estate market experienced slight changes compared to June 2024. New listings increased by 3.9%, and pending sales saw a decline of 6.4%. A total of 621 homes were sold, with an increase of 12.3%. The average sale price was $601,700, up 6.9%. Inventory stayed about the same decreasing by .2%, still providing options for buyers, and the total market time increased by 11 days.
Additionally, mortgage rates, which had been slightly over 7% for the past six months, are now dropping toward or below 6%, marking the lowest rates since April 2023.
If you're looking to sell in the next 12-18 months, or sooner, let's connect and discuss your home's value and your options.
Dave Woody
Dave works diligently behind the scenes to make Real Estate easy for you. He services clients in Washington and Oregon and joined NextHome Realty Connection to grow his business. Real Estate draws on ....
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