If you’re considering selling your home in Portland, Oregon, you might be wondering when the best time to list it is. While spring and summer are traditionally seen as the peak real estate season, there are actually some compelling reasons to sell your home now, rather than waiting.
Inventory
First of all, inventory levels in Portland are slightly higher than they were at this time last year. This means that there are more homes available for buyers to choose from, which could potentially increase competition and drive prices down. By listing your home now, before the market becomes even more saturated, you may be able to attract more interested buyers and potentially sell your home more quickly.
Active Listings
Another factor to consider is the current number of residential listings in the area. According to recent data, there are actually fewer homes for sale right now than there were at this time last year. This could work to your advantage if you decide to list your home now, as there may be less competition and more demand for properties like yours.
Seasonality
Of course, one of the biggest reasons to sell your home now is that summer is typically a much busier time for real estate. With warmer weather and longer days, more people are out and about, and more families are looking to make a move before the new school year starts. This means that there may be more competition among sellers, and buyers may have a harder time finding the right property. By listing your home now, you could potentially avoid some of that competition and stand out in a less crowded market.
Ultimately, the decision to sell your home now or wait until later will depend on a variety of factors, including your personal circumstances and the current state of the market. However, if you’re looking to sell your home in Portland, Oregon, there are definitely some good reasons to consider doing so now!
Click the video below to watch Angela and John dive in deeper!