Today, I spent part of my day approaching homeowners about their consideration of selling on behalf of a buyer client. Although there are rising inventories, the right property is not there. In search thereof, I was approaching homeowners today.
Portland is still going strong! While the market has cooled slightly since last year, we see that as a good thing here. Many of wish to see family homes remain affordable for families. Those in the business of buying 'fixers' and flipping them are finding it less lucrative (with a few exceptions). So much of Portland is neighborhood driven, and some are always going to be hot. This is a fantastic city and we continue to attract new arrivals, so I don't expect to see a drastic downturn anytime soon.
Houston is doing great. You can see statistics by visiting http://www.har.com. We have been seeing mutliple offers, shorter list times and the like. Not all Houston areas are doing this well but majority speaking yes. The Greater Houston area has close to 5 million people and we have all price ranges. I feel very blessed to be in this market. My REALTOR friends around the country have been telling me horror stories. I really feel for everyone going thru the housing slump....
I think our average sale price dropped about 10k from last years numbers.