Spring 2016 Portland Home Prices

So what does the recent Fed decision to raise interest rates mean to you?

Not to worry, you won’t see the cost of mortgages increase too much–it was only a 0.25% rate increase.  However, as our economy improves, interest rates will continue to rise, making it more expensive to buy a home.

If you’re thinking of selling your home, this impacts you now….

Your home will sell for its maximum price in 2016. The upcoming spring selling season is going to be hot!

Few homes are for sale in the Portland area–inventory is very low!

Home buyers will also be motivated to make strong offers to get ahead of inevitable future interest rate hikes.  This means more demand for your home now!

As you may know, home prices in many Portland neighborhoods went up considerably in 2015 and there’s a strong changes yours was one of them.

We recommend you check the current market value of your home.

As Realtors, we pay for the MLS data but you can get it for  free on our website.

Click here to get an instant price update on your home.

Enter your property address and you’ll get a recommended selling price range for your home based on the recent sales of your neighbors.  You may be very surprised at your price – it’s likely to have gone up!

Now this website tool is just an estimate. However, if you’re serious about selling your home, we can give you a very accurate asking price based on your home’s unique features.

Call us at (503) 517.0296 or reply to this email frank@resrealtorspdx.com

We can tell you what a buyer will pay for your home in today’s market.

And of course, if you’re not interested in selling your home, rest easy knowing we are in a healthy real estate market with appreciating prices.

Just know that we are here and ready to help when you need us!

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