Consistent Numbers of Mountain Sales for Fall 2012!
It's been an active fall for sales in the Mt. Hood area. Here are the market action stats for this past October. As November is quickly coming to a close we expect current trends to continue in a postive manner.
RMLS market action shows that pending sales are up 66% for the month of October. There are 25 pending sales currently in RMLS . Part of this high number of pending sales are short sales waiting for approval from lenders and they carry over for months. This could definitely give a false sense of a realistic view of the market. The good news is that by the end of October we have as many sales as we had in 2011. We will likely see an increase of 20% in number of sales over last year by the end of this year.
The eleven sales show average marketing days as 315! Plenty of inventory shows we have not come close to a buyers market yet. The monthly cost to purchase today is incredibly low historically. If you are looking to purchase on the mountain today's inventory has a lot to choose from! Check out the stats below!