This summer presents a lot of opportunity for Sellers in the Mid-Willamette Valley. Inventory is LOW and there are buyers anxious to buy. It is a great time to sell.
Monmouth/Independence, Oregon is a community that is very desirable. People are moving to upsize, downsize, relocate for a job or to be close to family. There are very few mid-range residential homes available. Buyers targeting this community are getting very discouraged. They are anxious to see more homes come on the market.
No competition and anxious buyers is the perfect recipe for selling. But a word of caution- DO NOT OVER PRICE. Buyers are very savvy. They are following pricing and they know when a home is over priced. Even with low inventory, an over priced listing typically sits on the market and ultimately has to take a price cut. Price your home within the spectrum of comps and expect to get your asking price with limited contingencies and a quick close. There is a lot of value in a stress free sale.
There continues to be a buzz about a declining market. In the Mid-Willamette Valley, the conditions aren’t right for a crashing market. Yes the interest rates are up, but the demand is high. Employment is stable. There are many buyers that are selling a home and have a large down payment or they are paying cash for their purchase. The buyers are out there looking and they are ready to buy.
If you are considering selling, now is an excellent time!
Tanna Cable Real Estate Blog 