The multiple listing service has just come out with the market stats year to date for area 153 comprised of Government Camp, Welches, Rhododendron, and Brightwood. Pending sales were down nearly 50% compared to this same month last year. Year to date we are down just over 25%. Sales might be down due to the artificial stimulus of the first time home buyer credit from last year. This pushed many buyers forward into the year creating a void of buying over the summer months.

Oddly enough I would think buyers would be rushing in to take advantage of these interest rates and the high level of selection currently available on the market.

 

Mt. Hood Market Action for April 2011