Looking at the Portland Vancouver metro area with homes that show a “pending” or offer accepoted date in November we find the answer is “Yes”!
598 accepted an offer in the City of Portland, 113 in Beaverton, 49 in Tigard, 41 in Milwaukie, and 268
in Vancouver.
Sounds like a lot of buying and selling is going on.
However, lets compare November 2021 to November 2022
Estacada had 92% fewer offers accepted this November than last.
Lake Oswego 59% fewer.
Portland had 40.5% less.
Camas Washington was down 62.3% and Vancouver a little over 45%
One City, Aloha had an increase in the number of sales.
What about your price range comparing November 21 to November 22?
Pending sales in the $301,000 to $350,000 range was up 33% in the Portland Metro area but down 14% in Clark County.
New inventory in the $1,501,000. to $2,000.000. range is down 54% in Portland but up 200% in Clark County.
The financing for closed transactions in Nov of 2022 will give you a good idea of what to expect with offers received as a seller or your competition as a buyer. Conventional Financing was 63.4% of the total, FHA 7.7%, VA 5.4% with cash being almost one of every five offers at 21.1 percent.
Homes are selling, people are buying them, but if you want to see where your location and price point fit in, contact me, Tom, at QuickQandA.com or click on the top right of this page and I would be glad to walk you through the information that applies to your situation!
