Portland houses get multiple offers

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Wednesday, March 28, 2012

Multiple offers on real estate are finally happening in Portland again.

It boils down to three things; inventory, location and pent-up demand. 
This means a shift to a seller's market. There are several pockets of town, close to the central city that are seeing, for the first time in years multiple offers. 
Low inventory, just three months worth for locations near downtown is creating a bidding war on some properties with two, three and sometimes for more offers.

Read more at KGW.

{biztweet}portland real estate{/biztweet}

 

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