Market Stats from April-

[blogger]

Market Stats from April-

Well, it's a faaaast moving market out there, not in terms of deals (though that is improving) but rather in terms of perceptions, motivations, and friction. Buyers perceive the market to have much more softness ahead, but can't explain why people are still buying properties, Sellers have motivations that are all over the map, but if they are pressured to sell, they are doing everything they can not to let on, the ones who everyone knows need bailing out, unfortunately own homes that are being highly penalized on the "quality" scale, therefore selling at a massive discount that may still not be enough. (mapped out over time, these properties make a divot in the scale....)

We are not at a capitulation point for many of these people, but signs point to late June before the next true buying opportunity comes around. July, for once could be the buying opportunity of the year, when you think about it......

This months stats are pretty bloody, but there's still some strength in the Hood River merket. Closed numbers are down, Average price is up. (We need a housing land trust!) May's numbers are going to show a huge jump in listings, which will mean more inventory overhang, and continuing downward pressure on prices. Here's a stat for you: We are down 100 units closed this year in the Mid-Columbia market Last years we were at 315 closed, yet, and this year 213....

So. Not so hot, but not the gaping Maw either. Next month, we'll be talking about the dead cat bounce.......

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