Two sides to every coin. Last week, the Oregonian reported “Oregon Home Prices Lead in Growth”. Today’s RMLS Market Action for August is a little less rosy. Inventory continues to climb (up to 6.2 months).
Appreciation is still up over 8% for the last twelve months but we have discussed the effect of the high appreciation numbers at the end of last year countering the not-so-hot numbers in recent months.
Needless to say, everyone has their own motivation for either entering, leaving or watching the market.