The latest issue of the RMLS™ Market Action for June 2009 shows increases in accepted offers, closed sales and a decrease in inventory in several regions. Accepted Offers The five county Portland Metro Area saw a month-over-month increase in pending sales (8.4% comparing June 2009 with June 2008) for the first time since December 2006. Pending sales also […]
Far fewer lockboxes were accessed over the 4th of July weekend than on a typical Saturday or Sunday. Therefore, comparing June 22, 2009 through July 5, 2009 the number of times RMLS™ subscribers opened Supra lockboxes decreased 21.4% in Washington and 21.9% in Oregon. Click the chart for a larger view (Oregon, left; Washington, right) […]
As you know, we’ve been tracking the number of times RMLS™ subscribers open Supra lockboxes in Oregon and Washington. Here’s how it looks mid-way through 2009. In Oregon, May was the high point with nearly 109,000 opens. For the year so far, total, there were 520,900 lockbox opens. The same held true in Southern Washington, […]
Comparing Supra lockbox openings by RMLS™ subscribers between June 15, 2009 and June 28, 2009 there was a 7.7% increase in Oregon and a 1.4% increase in Washington from the previous week. Click the chart for a larger view (Oregon, left; Washington, right)
The latest information from Supra shows lockbox openings were up from the previous week in Oregon and Washington.
While, ultimately this is extremely personal calculation (because it depends on the buyer’s income, mortgage rates, how well the house will meet their needs, etc.) there is one generic indicator that we can use to get a sense of where the market is at overall: the Affordability Index.