It’s a Seller’s market out there…or is it?
The past 3 years have seen a sharp real estate market appreciation. Towns in Yamhill and Washington Counties have seen prices rise by as much as 15% per year. Indeed, Oregon is a sought out “home State” for Buyers coming out of California, Washington and, well, pretty much anywhere, given the high quality of life the State, and our area in particular, have to offer.
So how long can this bullish market last? What about business cycles? What about affordability for locals?
It has been tough being a Buyer, especially a first time buyer, in the local market. But there are signs that things are calming down.
Call us and we’ll be glad to go deeper into what we are seeing and what we think it might mean for you, whether you are buying or selling.