With the current state of today’s market, cash buyers have dramatically increased. This is being attributed to an increase in investor sales, an increase in the number of international buyers, and the tight lending conditions.
Currently, the length of time a house is on the market has steadily decreased. The time on market depends on the property characteristics, and price and market factors, which also relate to the local, national and global economic market factors.
It is easy to only think about the current housing conditions in Portland, but this information is proof of the global real estate relationship that exists from coast to coast, country to country.