45% FASTER than Last Year: NE PORTLAND Homes Selling in 24 DAYS🏡📈

NE Portland homes are selling at a median speed of 24 days, which is 45% faster than the 44 days of January 2023. This is positive housing market news for NE Portland home sellers. However, it must be noted that the 24 days of January 2024 are 71% slower than the 14 days of January 2021, which was the fastest housing market in January over the last four years.
Here's an excellent tip if you're buying a home or selling a home: Days-on-Market (DOM) is a critically important market trend because it instantly tells you the housing market's speed and the speed of the housing market tells you everything you need to know as a home buyer or home seller. If the location has a consistent DOM under 10 days, it's a fast-moving housing market with bidding wars and rising prices, also known as a seller's market. As the DOM increases above the 10-day mark towards the 20s or 30s, you can expect a slower housing market with less competition and the ability to negotiate prices, also known as a buyer's market.
I'm passionate about homeownership and helping home buyers navigate the real estate market and homeowners understand the elements that make up a home's value. For additional Housing Market trends, the hottest listings by location & price, Open Houses, personalized monthly Market Reports, and more, see the links below:
Get Your FREE Monthly Home Value Report 🏡📈
👉 www.homemadeportland.com/mast...
See Homes for Sale by Location - No need to search. Results ready-to-go! 🏡
👉 www.homemadeportland.com/home...
See Homes for Sale by Price - No need to search. Results ready-to-go! 🏡🙋‍♀️
👉 www.homemadeportland.com/home...
List of Open Houses by Location 🏡🙋‍♀️
👉 www.homemadeportland.com/open...
Real Estate 101 - Market Trends, Analysis & more! 🏡
👉 www.homemadeportland.com/real...
See DIY/Home Improvement Videos: 🤪🛠🪚
👉 www.homemadeportland.com/diy-...
Real Estate Done Right - Real estate is all about you! 🏡🙋‍♀️
👉 www.homemadeportland.com/real...
I hope you find this information helpful. Feel free to contact me with any questions.🙋‍♀️Have a great day!
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