Over the last six months we have begun to see a major improvement in New Construction sales throughout the Willamette Valley. This has led to a boom in new starts and home builders are “putting sticks in the air”. With this improvement in New Construction sales we should see a few trends in the near future:
- Inventory of Lots will shrink. This will lead to price increases in the new construction that is on the market
- Once inventory dissipates, home prices will rise in the re-sale market
All great news!