May 2020 Newsletter

Many are still wondering this month, if COVID-19 is impacting our local real estate market. So far our   market is still strong! Listings have dropped this last month, which typically we do see an increase as we head into the summer. Part of this could be due to sellers withholding putting their home on the market due to the risk of people coming into the home or the uncertainty of the future. However, with inventory remaining low and demand still high it is the equation for a strong market and no signs of prices    decreasing. In all counties in The Gorge we saw the number of pending sales (homes with accepted offer) increase again. All counties (Hood River, Wasco, Klickitat & Skamania) show the number of     pending sales have increased from April and also show an increase when compared to May 2019. Interest rates have remained low, which again is great for buying and refinancing. Refinancing activity is up! If you have any questions or would like specific information on a listing, please feel free to give us a call.  Our   office is closed to the public, but we are still here to help! We are still able to help with selling your home and are available to show you any home for sale!