RMLS just issued the November publication of the Market Action report.  Inventory levels are still incredibly high in the Metro Portland area.  At November’s rate of sales, the 14,435 active residential listings at month’s end would last about 8.3 months.  This is down slightly from October 2007’s 8.4 months of inventory.  What does this mean for local real estate?  That it’s still a buyer’s market since buyer’s have so many homes to choose from.  If you are selling a home, you need to remain very realistic about your list price.  Homes priced evenly slightly higher than market value are not generating buyer traffic or offers. 

You can lower your list price by reducing the amount of real estate commission you pay out.  Check out my Fee for Service packages on my web site, www.PointClickandPack.com, for more details about how you can save money on commissions and still get optimum exposure for your home on RMLS and the public Internet sites.

I look forward to hearing from you soon and assisting with your sale!