Portland-Vancouver-Salem, OR-WA

There is no doubt that the Portland-Vancouver-Salem, OR-WA combined statistical area (CSA) is one of the hottest housing markets in the country right now. Home prices have been on the rise for several years, and there is no end in sight. The combination of strong job growth, low interest rates, and a limited supply of homes for sale is creating a perfect storm for sellers.

If you are thinking about selling your home in the CSA, now is a great time to do it. Prices are at all-time highs, and there are plenty of buyers looking for their next home. In fact, homes are selling so quickly that many buyers are getting into bidding wars. If you price your home right, you could see multiple offers and sell your home for well above asking price.

If you are thinking about buying a home in the CSA, be prepared to pay top dollar. Prices have been rising steadily for years, and they are not showing any signs of slowing down. It is not uncommon for homes to sell for 10% or more above asking price. You will also need to be prepared to act fast when you find a home you like – properties are not staying on the market long these days.

Whether you are buying or selling, it is important to work with a real estate agent who knows the CSA market well and can help you navigate these trends successfully.