Clark County & SW Washington Real Estate Market RMLS Snapshot 5/26-6/1
By John Slocum, Broker, SFR - Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
The Real Estate Market in the Vancouver WA / Portland OR region has been heating up!The graphic below is a weekly snapshot provided by our primary MLS - RMLS, and is heavily weighted by the activity in the largest communities in the Portland and Vancouver areas for the time period 5/26/2023 to 6/1/2023:This week's key elements are all showing a Rising Real Estate Market; and is what we typically see this time of year.However, in our opinion this is still not a "Normal" market, as we have home loan / mortgage rates in the low 7% range that is making it much harder for first-time buyers to enter the market; and it also makes it harder for existing home owners (that currently have lower-rate home loans) to move within this market. To be sure the effect is more than 1/3rd fewer home sales t...
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