If you’ve been considering the sale of your Keizer, Oregon home, 2018 could be the year to do it. That’s because some figures suggest a possible change in our real estate climate.
Whether temporary or not, recent multiple listing information from WVMLS appears to suggest that for now, our region may be nearing a sales peak.
Keizer’s Good News & Not Such Great News
Good News: Keizer’s average home price was up last year by a healthy 8.6%.
Not Such Great News: Regional home sales were up last year by only 2.5%. That’s down from 9.14% in 2016 and way down from the 27.35% jump we saw in 2015. In other words, home prices are still rising, but any increase in regional home sales is dropping.
Naturally, these figures don’t guarantee Keizer’s 2018 real estate performance. This year it’s possible prices and sales could rise. It’s also possible prices and sales could fall.
Lock, Stock & Barrel
Buying low and selling high is a good way to ‘lock in’ profit. Added bonuses for now include our current low competing home inventory, plus attractive interest rates.
How Low Can Inventory Go?
What has helped to drive prices up has been a short supply of homes. An ‘average’ real estate market is frequently cited as having 3 to 6 months of house supply. Between those figures, neither buyers or sellers dominate. Our most recent regional housing level remains low at 2.46 months of housing supply. As a result, our ‘seller’s market’ right now is especially strong. But like the weather, that can change.
What Are You Waiting For?
Contact your KeizerHomes.com sponsor, Certified Realty at (503) 682-1083 for a free report on what your property could sell for in today’s seller’s market or use the handy form below: