February 28, 2025 - 21:55
Following a strong performance in 2023, the real estate market in Tillamook County has encountered challenges in 2024 due to high interest rates. The rise in borrowing costs has significantly impacted sales, particularly for non-beachfront properties. As a result, many potential buyers are hesitating to enter the market, leading to a noticeable slowdown in transactions.
By midyear, this shift in buyer sentiment has contributed to a substantial drop in inventory. Real estate agents report that while beachfront homes continue to attract interest, the demand for non-beachfront options has diminished considerably. This trend has left many sellers reassessing their strategies, with some opting to delay listings in hopes of more favorable market conditions.
Despite the current slowdown, experts remain optimistic about the long-term prospects for Tillamook County's real estate market. They believe that as interest rates stabilize, buyer confidence will gradually return, potentially revitalizing sales in the latter half of the year.
