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It’s important to analyze the market when listing a property for sale. You do not want to think you are automatically in a buyer’s market when it could be quite the opposite. Take a look at some of the changes that have occurred between August and September in Multnomah, Washington, Clackamas and Clark County. You will see that when you are empowered with real numbers, only then do you understand your market. That’s why the majority of homes sit for long periods of time without selling. They are not priced to sale.

THE MARKET IS CONSTANTLY SHIFTING. KNOW WHERE YOU STAND.

Multnomah Co. – Detached Homes

400-500k: WAS seller’s market, NOW buyer’s market

600-700k: WAS balanced market, NOW extreme buyer’s market

700-800k: WAS extreme buyer’s market, NOW balanced market

800-900k: WAS balanced market, NOW extreme buyer’s market

(nothing selling over 2 MIL)

Overall: WAS seller’s market, NOW balanced market

Multnomah Co. – Condos

100-200k: WAS balanced market, NOW extreme buyer’s market

400-500k: WAS seller’s market, NOW extreme buyer’s market

800-900k: WAS seller’s market, NOW extreme buyer’s market

(nothing selling over 2 MIL)

Overall: balanced market (no changes)

Washington Co. – Detached Homes

400-500k: WAS seller’s market, NOW buyer’s market

500-800k: WAS balanced market, NOW extreme buyer’s market

800-900k: WAS extreme buyer’s market, NOW seller’s market

(nothing selling over 2 MIL)

Overall: WAS seller’s market, NOW balanced market

Washington Co. – Condos

200-300k: WAS seller’s market, NOW buyer’s market

(nothing selling over 300k)

Overall: balanced market (no changes)

Clackamas Co. – Detached Homes

300-500k: WAS balanced market, NOW extreme buyer’s market

2-3 MIL: WAS extreme buyer’s market, NOW balanced market (interesting since 1-2 MIL range has 57 mo. of inventory)

(nothing selling over 3 MIL)

Overall: WAS balanced market, NOW normal buyer’s market

Clackamas Co. – Condos

200-300k: WAS balanced market, NOW extreme buyer’s market

400-500k: WAS buyer’s market, NOW seller’s market

(nothing selling over 600k)

Overall: balanced market (no changes)

Clark Co. – Detached Homes

No drastic changes

(nothing selling over 2 MIL)

Overall: balanced market (no changes)

Clark Co. – Condos

100-200k: WAS seller’s market, NOW buyer’s market

300-400k: WAS seller’s market, NOW extreme buyer’s market

(nothing selling over 3 MIL)

Overall: WAS seller’s market, NOW extreme buyer’s market

Written by David Krause

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