Dont' Buy My House
Well, three days on the market, and we had two offers on the house. We accepted one and the inspection was yesterday. Did you know that inspections now run upwards of four hours. Good lord. What 100 year old house can survive that? Apparently ours wasn't too bad, so the sale looks likely to go through.
What's interesting--to you, all of this fascinates me--is that the housing market has really slowed down in the past few weeks. Every time I mention this, people tell me it's because of school. I'm sure that's a contributing factor, but I don't buy it as the only factor. Consider: Portlanders are famously childless. What do we care if school's started? Also, a market doesn't go from blazing hot to lukewarm due to a single factor.
Maybe Katrina is responsible--I've felt odd selling a home during a time of such suffering and homelessness. Maybe once the nightmare has mostly subsided, people will pull out of their malaise. Or, maybe this is the beginning of the end on the Portland housing boom. Hard to say, but things definitely have changed since July.
[Clarification: although it appears that I'm barking mad with my data here--we sold our house in three days but the market's slowing down--I'm not. Our realtor tells us that other homes are now sitting, but due to clean living and good luck, our house bucked the pattern.]