What is going on with Coronavirus & Portland Real Estate Inventory Episode 6
Today we are looking at the week of April 12th.
We saw a huge increase in pending home sales. Accepted contracts increased by 24% from 375 to 466. That’s two weeks in a row of increases in pending sales. New listings also increased from 385 homes listed for sale to 417 or an increase of 11%. 15% of the homes listed for sale last week went pending their first week on the market.
As of April 22nd, there are currently 2,542 pending home sales and 3,881 active listings in the Portland metro area.
More opinions and commentary can be seen in the video.
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