I hope this finds you healthy staying positive and not too stir crazy in the midst of this crisis. Many of you have reached out to me to talk about how the Covid-19 pandemic is affecting the real estate market so I thought I would start sharing local market data, as well as my professional experience in the day to day real estate world with you.
Overall, the number of listings coming on the market was increasing up until about mid-March, since then new listings have slowed a bit. Real estate is still considered an “essential” business and we are still showing homes under a strict code of conduct to ensure safety and health for all parties involved. Title companies are doing remote signings and one on one appointments with social distancing guidelines in place for signings requiring notaries.
There are still buyers and sellers actively pursuing real estate. In fact, 347 homes went pending last week (3/30/20-4/6/2020) in the Portland-Metro areas:
N, NE, SE Portland-98 last week
Gresham, Troutdale, Corbett and Sandy-29 last wee
Milwaukie, Gladstone, HV, Clackamas, Damascus, and Estacada-28 last week
Oregon City, Beavercreek, Canby, Molalla, and Mulino-28 last week
LO and West Linn-12 last week
All remaining areas-151 sale pending’s last week.
As a full time real estate broker of 24 years, I have been through many market changes and have weathered many Real Estate storms, including the boom of the early 2000’s, 9-11, the great economic recession of 2008, as well as the hot & fast appreciating market of the last 5-6 years. I have the experience, extensive skills, “know how” and expansive resources to help you through this changing time. I have no crystal ball, but what I do know is these changes are temporary and can shift a market in a way that can create a lot of opportunity.
Let’s stay in touch through this and I’ll keep you posted with what’s happening!
Always feel free to call, text or email me!
IT’S A GOOD LIFE!!
Five Star award Winner 2011- 2020 honoring the top 7% of real estate professionals in Oregon.
Rachel Sheller, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker,
MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First- Principal Broker, Washington First-Managing Broker
Direct 503.380.9634, Email- email@example.com
View ALL available Houses on the market on my website
Licensed in the State of Oregon and Washington
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