The world is a strange place sometimes. With the Oregon unemployment rate jumping from 3.5% to 14.5% due to the Coronavirus and with Washington County reaching 9% and Multnomah County 11%, one would think that the real estate market was off by a significant amount and yet that is not the case.
If you are considering downsizing, or selling your home this summer season then you would be well to do so. For those whose jobs have been stable or who have been planning to purchase a home, they are ready to go and the rates are below 4%. Due to the virus, sales dropped for March and April, and would you believe May is showing to be on track, or close to, 2019’s performance.
The average time on market for the Portland Metro Area is 38 days with Tigard’s being 37 in comparison. This season is a good time to be selling and adjusting your lifestyle as needed. Quarantine was a great opportunity to work on cleaning out closets, cupboards and garages; was well as work on those home maintenance lists. If by chance that didn’t occur, may you be inspired by the numbers that show now is a great time to seize the day.
If the feeling of lethargy or being overwhelmed, or analysis paralysis has set in, don’t worry, little steps equal big results. If you would like to know the value of your home at this time or where to begin in the downsizing process, feel free to contact me, [email protected] / 971.227.1302. Quarantine has been unsettling for everyone and with the summer upon us, it is the perfect occasion to take steps that will lead you in the direction of the home and lifestyle you want to live.