The way I see it: pricing and the market has been really unforgiving lately.
RMLS and the market trends are only so accurate, it is really about a month behind what has actually happened, and we, as Real Estate Professionals, can only call it how and when we see it happening.
The first part of this month has already shown that the days of getting below list price and getting the seller to pay your closing costs is a time of the past, for now. Of course, this is in the below $300,000 price range, and in most of the markets I have seen in the PDX metro areas.
To repeat, if you are under the impression that you can submit an offer under list price and ask for closing costs, this may not be the market for you to get that great deal. However, the Feds are keeping rates low and making it easier to qualify with special programs and grants. For serious buyers, now has been the easiest time to get started, so call your local lender to find out about these great programs.
Portland is hot, so let me start a search for you, call me, I will get you in there before anyone else.
Ethan Frelly, Realtor
Licensed Real Estate Broker