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Portland Real Estate Market Continues to Shine in November 2023

The Portland real estate market is booming in November 2023. With limited inventory and houses selling quickly, home buyers have many reasons to be optimistic for a successful home search experience. Current statistics show that the inventory of available homes is the lowest it has been in years. For the 10th consecutive month, the inventory has continued to stay below 3,000 listings which is a reliable indicator of a seller’s market. Because there are fewer homes on the market, prospective buyers need to act fast to make sure that they can get a good deal on their dream home. Though the inventory is low, the days on the market or DOM, is surprisingly low as well, indicating that there is sufficient demand for the homes that are on the market. This month, the average DOM sits at a mere 27 days. This is significantly lower than what it was just a year ago in November 2022. Due to the continuing seller's market, home buyers would be wise to seek out the services of a real estate professional to help them in their home search. In this market, the quality of the professional can make a huge difference. That’s why Portlanders trust the experience and expertise of Portland’s favorite realtor, Yamuna Benedict. With her help, the process of buying a new home can be smooth and straightforward, giving clients a distinct advantage in the competitive market. The Portland real estate market appears to be setting the trend for the upcoming months. With inventory stay low and DOM continuing to stay low, prospective buyers need to act quickly to make sure they lock in a great deal before it’s too late. To make sure you stand the best chance of success, it’s important to find a reliable real estate agent. Yamuna Benedict’s expert local knowledge and experience make her the ideal choice for finding your perfect home in Portland.