We just received the March Market Action report from RMLS.  The inventory levels are trending downward which is good for stabilizing the market. March had a 12 month inventory vs 16.6 months in Feb.  A stable market is around 5 months of inventory.  We’re still far from that but at least we’re now heading in the right direction.  Closed sales are also up from Feb by nearly 40% and pending sales were up significantly too.  Could be that the stimulus package along with the traditional March - Oct “hot selling season” are working in combination to fix our housing mess!

Sellers, rejoice!

As always, I’d love to help you with all of your real estate needs.  You can reach me at 503-421-2407 or Phyllis@PointClickandPack.com.