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People are constantly asking me whether we're in a buyer's market or a seller's market. That answer can change depending on what price range you're in and what area you're looking at.
We are in a heavy seller's market right now. The reason for this is that we have a very low inventory, less than two months available.
This means that there are very few homes available, and with such a low number of homes available, prices are being driven up. This makes it a great time to sell, but it's also a good time to buy because you can expect some appreciation on your home.
It's also important to remember that interest rates are beginning to rise slightly. Rates are currently at 4%, which makes it an extremely affordable time to purchase a home. You have the chance to save thousands of dollars in interest over the lifetime of your loan.
If you need assistance buying or selling in the Oregon & Washington area, please don't hesitate to contact me!
