Everywhere I go people keep asking me about the real estate market.  They want to know if things are really as bad in Portland as they’ve been hearing about on a national level.  Well, the answer is no!

The April 2008 edition of Market Action, which is published by RMLS, just came out.  Although it shows that the market is still somewhat slow, there was one key area of growth and that was in year-to-date pending sales.  This is good news for sellers because the more homes that are pending, the less competition there is for available homes and the closer the market gets to a more reasonable level of inventory. 

Overall, the Metro Portland area is still showing positive appreciation.  In fact, the only cities in negative appreciation are Milwaukie, Clackamas and Happy Valley. 

So Portland is still in a buyer’s market.  And if you can afford to buy right now, you should seriously consider doing so.  I’d love to assist with your purchase.  Please call (503-421-2407) or email me at phyllis@pointclickandpack.com so we can get started!