August 09, 2023 How’s the Market?

Portland Metro 

We are seeing a slight decrease in home prices nationwide as interest rates continue a slow trend upwards. However this continues to be a Seller’s Market due to a shortage of available housing, and signs of reluctance to purchase from buyers.

• Average days on the market is down to 33 days (from 60 days), and median home prices have decreased 3.2% over last year.
• The median home sold price in the metro area is $532,500. Interest rate are currently up to 6.9% and are expected to fluctuate over time.

This is a great time to list while it is still favorable to Sellers. Buyers also benefit from dropping prices, and stabilizing interest rates.

Source: RMLS

Clark County / Vancouver, Washington 

We are seeing a slight decrease in home prices nationwide as interest rates continue a slow trend upwards. However this continues to be a Seller’s Market due to a shortage of available housing, and signs of reluctance to purchase from buyers.

• Average days on the market is up to 34 days (from 33 days), and median home prices have decreased 1% over last year.
• The median home sold price in the area is $525,000. Interest rate are currently up to 6.9% and are expected to fluctuate over time.

This is a great time to list while it is still favorable to Sellers. Buyers also benefit from dropping prices, and stabilizing interest rates.

Source: RMLS

→ Get full market value for your home. ← 

CENTURY 21 Northstar

Cowlitz County / Longview, Washington

We are seeing a slight decrease in home prices nationwide as interest rates continue a slow trend upwards. However this continues to be a Seller’s Market due to a shortage of available housing, and signs of reluctance to purchase from buyers.

• Average days on the market is down to 24 days (from 34 days), and median home prices have increased 3.9% over last year.
• The median home sold price in the area is $400,000. Interest rate are currently up to 6.9% and are expected to fluctuate over time.

This is a great time to list while it is still favorable to Sellers. Buyers also benefit from dropping prices, stable interest rates, more time on the market.

Source: https://www.realtor.com/realestateandhomes-search/Longview_WA/overview

Canyon County and ADA County / Caldwell, Idaho

We are seeing a slight decrease in home prices nationwide as interest rates continue a slow trend upwards. The Boise Metro area is now considered a Buyer’s Market which means that the supply of homes is greater than the demand for homes.

• Average days on the market is down to 29 days (from 47 days), and median home prices have increased 3.7% over last year.
• The median home sold price in the metro area is $595,000. Interest rate are currently up to 6.9% and are expected to fluctuate over time.

This is a great time to list while it is still favorable to Sellers. Buyers also benefit from dropping prices, stable interest rates, more time on the market.

Source: https://www.realtor.com/realestateandhomes-search/Boise_ID/overview

→ Get full market value for your home. ← 

CENTURY 21 Northstar