2016 Market Trends - Oregon is HOT HOT

Ever wonder how Oregon's real estate market compares with the rest of the country?  Sure you do!  We all know that the local real estate market is hot right now, but so is it nationally.  Almost the entire country is expecting good growth within the year for home prices.  Some states are better than others, but Oregon is killing it! 

According to the Realtors Confidence Index, Washington, Oregon and Colorado are expecting 5% to 7% growth in home prices in the next 12 months!  Just look at that map, wow!  Anyone else thinking what I'm thinking about what those three states have in common?  Haha, who knows if that has anything to do with it or not, but it's great to see strength in Oregon!

Realtors Confidence Index, March 2016 Survey of Realtors.

Not only is excellent growth still expected for the year, but Oregon is among the top of the USA for speed of home sales.  Oregon, Washington, Colorado, Kansas, Minnesota, and Alaska are all at 30 days or less for median days on the market.  Interestingly enough, most of the east coast is sitting longer on the market, median time period is 60-90 days.  What does this mean for you?  Be confident in Oregon's real estate market!

Read the full article from the National Association of Realtors here.