Credit Suisse Monthly Survey of Real Estate Agents Oct. 2012 Results

By
Real Estate Broker/Owner with BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time Licensed State of Oregon
http://actvra.in/LqT

The results are in boys and girls, and last month seemed to be a mixed-bag of thumbs' up and thumbs' down.

And this is something I think I should mention in ALL the Credit Suisse Monthly Survey of Real Estate Agents Results that I post . . .

There are three categories.  Each one is based on the "EXPECTATION" of the real estate agent taking the survey.

  • Did buyer traffic meet your expectations?
  • Are traffic levels above, below or normal with your expectations.

So when you see the little thumb's up on "Traffic" in a particular market segment, it means agents in that area feel the traffic is above their expectation.  It doesn't mean, nor did it ever mean, that traffic was/is boosting upwards/rebounding.  The results given in a category simply mean the agents' expectations (of traffic, price, builder incentives) were met, not met, or stayed the same. 

With that in mind . . . buyer traffic has dropped considerably in the past few months in the Portland Metro area.  While there may be a drop of inventory, it is coupled with a drop in buyers.

The Portland Metro real estate market has been STAGNANT for about 3 months now.  I do not see the market moving with buyer traffic or new inventory for another 3-4 months.  

I am lowering my expectations!

Lowered Expectations!

Credit Suisse Monthly Survey of Real Estate Agents Oct 2012 Results

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Buyer Focused ~ Buyer Results

 

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner

Direct: 503-810-7192 | BuyersAgentPortland.com | Carla@BuyersAgentPortland.com

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Topic:
Real Estate Market Trends
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Oregon Multnomah County
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Interesting note about buyer traffic dropping off in Portland in the last few months.  I'm seeing the same thing out here in Northern VA.  We were going gang busters and then August rolled around and it slowed down.

November 13, 2012 11:12 AM
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Carla Muss-Jacobs, Principal Broker/Owner

Buyer Focused ~ Buyer Results
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