How's the Market? August 30, 2023

August 30, 2023 How’s the Market?

CENTURY 21 Northstar

CENTURY 21 Northstar agents know the market! Our agents study the market each day and can provide you the best advice when buying and selling your home.

 

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Key market statistics in your area:

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 7.23% 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 7.23% 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.  

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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 up to 37 days (from 34 days), and median home prices have increased 8.5% over last year.
  • The median home sold price in the area is $413,400. Interest rate are currently up to 7.23% 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 7.23% 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