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Weekly Report

8/6/2020
More time, more attention, best outcome.

Good morning neighbor,

 

How are you? What do you got going on today? It’s looking a little cloudy out there. I’m seeing rain. That’s fine with me, I’m staying in today. I have some paperwork stuff to catch up on. What are you working on? Let me know if there is anything I can help you with. 
 

I hope you’re staying active getting out as much as you can (safely). I’d love to hear what you’ve been up to. I got my bike tire fixed and have been riding more. I’m usually just worried about getting hit by a car but now I’m looking out for potholes in the road. The last one I hit almost threw me off my bike. I’m finding safe routes now. Do you ride? Come join! Maybe you don’t ride but want to get out and move? I’ve got two dogs and we go on big walks every day. We would love for you to join!

 

Have a good day and enjoy the rest of your week. Reach out if you need anything! I’m around. 

 

Best,
Evan Zener 

Last Months Markets Stats

New listings (3,658) decreased 14.6% from the 4,281 listed in June 2019, and increased 7.0% from the 3,419 listed in May 2020.

Pending sales (3,654) increased 18.5% from the 3,083 offers accepted in June 2019, and increased 17.4% from the 3,112 offers accepted in May 2020.

Closed sales (2,709) decreased 1.7% from the 2,756 closings in June 2019, and increased 38.0% from the 1,963 closings in May 2020.

Inventory and Total Market
Time Inventory decreased to 1.5 months in June. Total market time increased to 42 days.

Year-to-Date Summary
Comparing the first six months of 2020 to the same period in 2019, new listings (19,112) decreased 15.4%, pending sales (15,398) decreased 3.5%, and closed sales (12,955) decreased 6.4%.
Multnomah County 
6 months snapshot
Clackamas County 
6 month snapshot 
Tillamook County 
6 month snapshot 

Five Housing Market Predictions For 2020 -FORBES REAL ESTATE COUNCIL

In 2019 we saw interest rates drop, housing inventory remain low and hot markets continue to heat up. Will those trends persist in 2020? Will home sales remain stagnant in the new year? Will an influx of new housing inventory come onto the market? Will younger consumers stop renting and start owning?

Here are five predictions that are likely to shape the 2020 housing market and help us answer these questions and more:

 

View Article

Coronavirus: Housing Demand Shifts -OREGON BUSINESS
The residential real estate market remains strong as buyer habits change.

Nationally, the economic fallout from the pandemic could eventually lead to a “see-saw recovery with ups and downs,” according to Realtor.com. The real estate analysis firm predicts home prices will flatten nationally in the calendar year as a result of future rises in infections and lingering unemployment that dampen buyer demand. 

 

View Article

 

Portland Property Search

  View by area code

If your area code is not listed below, when directed to Zillow, edit the area code in the search bar to view your desired area. To switch from "sold listing" to "recently listed", edit filter directly to the right of the search bar.

97211, 97212, 97213, 97214, 97215, 97216, 97217, 97218, 97219
Thank you for taking the time to read my report
Hey, thanks for checking out this week's Portland-Metro Market Report. Please let me know if there is anything I can do for you! Summer is upon us!

For more information, you can check out my website at www.strongedgerealty.com or give me a call anytime, lunch is on me!

Evan Zener, Licensed Realtor 
(971)285-0847
Strong|Edge Team with eXp Realty LLC evan@strongedgerealty.com  
 
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