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A Feeding Frenzy Is Coming
Dated: December 18 2019
People often say that real estate dies during the holiday and that is far from the truth.
In Portland, closings don't even drop by half when you compare the top month of the Summer to December!
But new listings do drop and people are sometimes buying homes out of necessity more than choice. Those that are able to stand back and wait are often rewarded in January.
In January, all of the people who waited for the holidays to pass are gearing up for that first week and hit the market like a wave most years. What we often see is a feeding frenzy between the 5th and the 20th where buyers are hooking any great house that pops up. We sometimes see multiple offer situations.
If you are a seller, get your home listed now to take advantage of these buyers that aren't happy with the selection.
If youare a buyer, get ready to jump on a home because if it's good it won't likely last long. And then you will be waiting for new homes to trickle onto the market over the next few months.
Call us at 503-502-3330 to understand the market in your neighborhood and help you reach your real estate goals
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