Homes for horse and rider are in high demand!
In January, we closed a 20-acre equestrian property in Sherwood without ever going to market and had a 12+ acre horse property in Northwest Portland go pending in less than ten days.
So far in 2022, we’ve seen no increase in inventory. Demand is not subsiding and will stay strong throughout 2022.
If you have a property that might fit the bill and moving on would allow you new pursuits, please consider consulting with us on the sale of your property.
The erosion of purchasing power due to rising rates could produce pressure on prices in the short term outside of the influence of inventory.
Prices above asking remain elevated over PYTD despite the slowing pace of appreciation. There is no expectation of a market-wide decline in value in the coming year.