Portland real estate market data | Lauren Perreault posted on the topic | LinkedIn (2024)

Lauren Perreault

REALTOR Portland OR/Vancouver WA/Los Angeles, CA & Business Coach at Tom Ferry - Your Coach

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🏡 Dive into the latest pulse of Portland's real estate market! ✨Average Sale Price fell by 10% from last week's high, but both figures appear atypical in recent months. The reality likely lies in between, as indicated in the blue graph below.In the first week of the new year (another holiday week), New Purchase Agreements dropped by 8% compared to last year. Despite higher demand in 4 of the past 6 weeks, a couple more weeks of January data are needed to gauge the market's direction.Mortgage Rates settled at around 6.25% for the 30-year fixed, and the yield on the 10-Year Treasury showed fluctuations with no clear indication of future rate trends.#realestatetrends #MarketUpdate #averagesaleprices #MarketAnalysis #JanuaryNumbers #MortgageRates #financialfluctuations #marketdirection #HolidayWeekData #economicindicators2024

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Hello everyone. Lauren Perot from re/max here. Beginning this new year with real estate insights for the Portland metro area and Clark County, Washington for the first week of January 2024. I'm sorry this newsletter is a little delayed. I have been without power for three days and I am so glad to be warm again. If it weren't for our natural gas fireplace, I think you would now be viewing a newsletter. Created by a human popsicle, I hope you're all safe and warm during this terrible, stormy week. Let's start with the average sales price. We saw a significant 10% drop from the previous week's high last week, which was already unusual. But remember, it's the holiday time. Looking at the blue graph below, it appears that the true state of sales prices is likely somewhere in the middle. It's a bit like trying to stick to your New Year's resolution. Some ups and downs are to be expected. The buyer? Demand decreased by 8% during the first week of the New year, another holiday period compared to this time last year. It's true that we've experienced higher demand in four of the past six weeks, but I believe the next few weeks of January will be more telling for us to understand the markets direction. It's like waiting for the holiday decorations to come down to see the true landscape. Mortgage rates for a 30 year fixed mortgage have settled at around 6 1/4% reflecting some fluctuations in the 10 year. Treasury yield, In other words, it's similar to the weather in early January. You know it's winter, but you do not know what each day will bring. Hopefully we get a better weather economically than we have around here lately. Let's get into the details now. New pending deals have decreased by 28% to 332, indicating A promising start to the year. However, completed home sales have dropped 18% to 243, possibly due to the post holiday slump. Century has increased by 3% to 4238 homes, while new listings have increased by 383% to 594, indicating that many new people have been holding off putting their home on the market and are now doing that. The final sales price versus the original asking price is holding reasonably steady at 95.6%. In an unexpected twist, cancelled listings have increased by 155% while expired listings have decreased by 83%. Again, this is sometimes people wait until the new year to put their home on the market and sometimes people cancel and relist just to get a new MLS number that has a 24 in it. As we approached the rest of this year, it's clear that the market is still finding its feet. If you need help navigating these shifting tides or have any real estate questions, please contact me at 503-683-1885 or lauren@theperotgroup.com. Here's to a year filled with exciting opportunities. And hopefully I'll be bringing you some insightful market trends. Happy New Year.

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    🏡 Dive into the latest pulse of Portland's real estate market! ✨Average Sale Price fell by 10% from last week's high, but both figures appear atypical in recent months. The reality likely lies in between, as indicated in the blue graph below.In the first week of the new year (another holiday week), New Purchase Agreements dropped by 8% compared to last year. Despite higher demand in 4 of the past 6 weeks, a couple more weeks of January data are needed to gauge the market's direction.Mortgage Rates settled at around 6.25% for the 30-year fixed, and the yield on the 10-Year Treasury showed fluctuations with no clear indication of future rate trends.#realestatetrends #MarketUpdate #averagesaleprices #MarketAnalysis #JanuaryNumbers #MortgageRates #financialfluctuations #marketdirection #HolidayWeekData #economicindicators2024

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  • Lauren Perreault

    REALTOR Portland OR/Vancouver WA/Los Angeles, CA & Business Coach at Tom Ferry - Your Coach

    🏡 Dive into the latest pulse of Portland's real estate market! ✨The Average Sale Price rose by 6% compared to last week and a substantial 9.6% compared to the same time last year. However, last January had unusually low sale prices, making the increase more notable.In the first week after the holidays, New Purchase Agreements doubled compared to the previous week. Next week's statistics may show lower numbers due to snow and ice, but a rebound is expected the following week if the weather improves.Mortgage Rates fluctuated between 6.25% and 6.375%, with a possibility of reaching 6.5% soon based on the upward movement of the 10-year Treasury yield. Most lenders may hover around 7% in the coming days.Give me a call 📞 or drop me an email ✉️, and let me help you with your piece of Portland!Lauren Perreault📞503-683-1885📧lauren@ThePerreaultGroup.com🌐 www.fineportlandhomes.com#RealEstateMarket #HomePrices #HousingTrends #PropertySales #NewPurchaseAgreements #MarketAnalysis #MortgageRates #WeatherImpact #RealEstateStats #HousingMarketUpdate #FinancialOutlook #Homeownership #RealEstateNews #EconomicIndicators #markettrends

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  • Claude Shacklett

    Tech-Savvy Real Estate Agent in Odenton, MD with Keller Williams Flagship of Maryland

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    Mid-Atlantic Real Estate Market Weekly Insight - March 10, 2024.The real estate landscape is showing mixed signals this March. Listings are encouraging, with 5,555 new properties, marking a 4.1% growth YOY. However, list prices slightly receded from their peak, stabilizing at $415,000 - showcasing a 4% increase YOY, indicative of a resilient market.Contrastingly, the number of new purchase contracts has seen a marginal reduction, potentially linked to the recent uptick in mortgage rates, now at 6.88%.These fluctuations present challenges and opportunities for Mid-Atlantic real estate market professionals. Staying informed is key to leveraging this dynamic market to our advantage.#GetShackDUp #MidAtlanticMarketReport #MDRealEstate

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  • Christopher Brown, MIRM, CSP

    Creative Leader at the NEXT Group of Companies

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    What's going on in the Sacramento real estate market? Here's my MMUUM's the Word (Monthly Market Update in Under a Minute) for July '24. New Homes Sold 433 in JulyAverage Price is down 0.7%Average Price per SF FLAT# of homes sold is UP 8.3%# of Pending sales is UP 12.3%Months of inventory is steady at 2 monthsAndMortgage rates are down in the mid 6’sSummary? Sacramento is taking a little breath after some major price gains in the first half of the year, but sales are still very strong. There are opportunities for buyer’s, but you need to be selective. There’s some major changes coming to the real estate rules this week.Check out the full video here: https://lnkd.in/gAYfVDZu#marketupdate #sacramentorealestate #homesales #realestate #erarealestate #nextrealestate #nextnewhomes

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  • Diamond Homes Realty

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    The 2024 real estate🏠️ market is off to a positive trend as the number of homes for sale (inventory) increased providing a balanced market. The added inventory opens the 🚪door for buyers to purchase a home that was nearly non existent😩 a year ago. Higher interest rates continue to put pressure on buyers, but the fed is expected to 📉 easy interest rates in 2024. If mortgage rates come down and inventory increases do you think home prices will fall or increase? Stay tuned for our 📅monthly updates as we track the trends of the ever changing real estate market in The Woodlands TX, Spring TX, Conroe, Magnolia and Willis TX. 🔗https://lnkd.in/gnvnBase#TheWoodlandsTXRealEstateMarketUpdateJanuary2024 #SpringTXRealEstateMarketUpdateJanuary2024 #DiamondHomesRealty #BestRealtorNearMe #RealEstate #RealEstateAgent #Investment #HomeSearch #HousesForSale #HomesForSale #Properties #DreamHome #JustListed #ComingSoon #BuyingAHouse #SellingAHouse #Realtor #BestRealEstateAgentNearMe#TheWoodlandsBestRealtor #BestRealtorInTheWoodlands#BestRealtorInSpringTX #BestRealtorInImperialOaks #BestRealtorInFallsAtImperialOaks #BestRealtorInHarmony #BestRealtorInMeadowsAtImperialOaks#BestRealtorInAldenBridge #BestRealtorInBendersLanding #BestRealtorInCochransCrossing #BestRealtorInSpringTrails#BestRealtorInGrogansMill

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    🏡 Dive into the latest pulse of Portland's real estate market! ✨Average Sale Price increased by 7.7% compared to last year, but I'm cautious about calling it a new trend until we see sustained high numbers for a few more weeks. New Purchase Agreements rose by 16% over last year, marking the fourth out of the last five weeks with increased buyer demand. Mortgage Rates jumped from 6.125% to 6.375% for the 30-year fixed in a short period due to stock market events, indicating potential further increases. The mortgage market appears volatile with significant week-to-week shifts.#RealEstate #MarketUpdate #RefinanceOpportunity #portlandmetro #portlandoregonrealestate #portlandrealestatemarket #buyerdemand #theperreaultgroup

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  • Lauren Perreault

    REALTOR Portland OR/Vancouver WA/Los Angeles, CA & Business Coach at Tom Ferry - Your Coach

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    🏡 Dive into the latest pulse of Portland's real estate market! ✨Average Sale Price increased by 7.7% compared to last year, but I'm cautious about calling it a new trend until we see sustained high numbers for a few more weeks. New Purchase Agreements rose by 16% over last year, marking the fourth out of the last five weeks with increased buyer demand. Mortgage Rates jumped from 6.125% to 6.375% for the 30-year fixed in a short period due to stock market events, indicating potential further increases. The mortgage market appears volatile with significant week-to-week shifts.#RealEstate #MarketUpdate #RefinanceOpportunity #portlandmetro #portlandoregonrealestate #portlandrealestatemarket #buyerdemand #theperreaultgroup

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  • Kim Verros

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    Do you know how important it is to price your home right the first time? Dive into the complexities of today's housing market with the latest blog post. Exploring the dance between prevalent price drops and rising housing prices, we dissect the mismatch between sellers' expectations and buyers' budgets.Despite mortgage rates hitting 23-year highs in October, sale prices rose by 3%. The delicate balance reveals that sellers, while aiming for optimal returns, may face challenges as overpriced homes linger on the market, contributing to the ongoing housing shortage.It is important for sellers to price fairly from the start, considering comparable values, market trends, and economic conditions. Our advice? Collaborate with an experienced real estate professional to help estimate a property's true value.Ready to navigate the nuances of real estate? Check out this blog for insights into pricing and contribute to a more harmonious housing market (see comments). #RealEstateInsights #HousingMarketTrends #HomePricingStrategies

    • Portland real estate market data | Lauren Perreault posted on the topic | LinkedIn (16)

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  • Brandon Lwowski, PhD.

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    San Antonio's housing market is experiencing an unusual Spring with a rising inventory and a decrease in homes entering contracts by 63.5% YoY. Mortgage rates are above 7.5%, and while home prices are only down 2.4% from last year, the number of listings with price drops is up 56.8% YoY. These statistics are concerning and highlight an unhealthy market. The good news is that these stats are available for most major MSAs and 47 States for free with Market Pulse and Market Insights using HouseCanary data. Keep an eye out for the latest market pulse, dropping in the next few days. Stay informed and make the best decisions for your real estate investments. #realestate #housingmarket #marketinsights

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  • Amy Edwards

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    Ready for an Austin housing market update? Keep reading! Let's talk numbers! April brought a surge of 5.9% in closed listings across the Austin-Round Rock-Georgetown MSA, hitting a record 2,708 sales, with the median home price rising by 1.1% to $469,998. 📊💼But what's the story behind these stats? According to insights from this latest report, there's a wave of optimism sweeping through both buyers and sellers. More sales mean more opportunities, especially with affordable inventory emerging in the $300,000 range. 🏡💰 And while mortgage rates might see some fluctuations, there's a chance for increased purchasing power on the horizon! Ready to chat about these housing stats or explore the options available for you? Feel free to reach out. #austinrealtor #austinrealestate #realestatemarket #realestateinsights #realestatestats #housingmarket #realestatetips

    • Portland real estate market data | Lauren Perreault posted on the topic | LinkedIn (20)
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Portland real estate market data | Lauren Perreault posted on the topic | LinkedIn (21)

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