The leaves are falling…but are the key real estate metrics? We’re thankful that you’re here to join us and find out. Grab a cup of sleepytime tea and get ready for the calm, peaceful breakdown of October numbers, as we slice and serve the key data like slices of holiday pie.
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Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – OCTOBER 2023 STATISTICAL HIGHLIGHTS
The data below in parentheses is in reference to the previous month.
OREGON
- New Listings: 3,632 (-770)
- Active Listings: 8,845 (-208)
- Pending Sales: 2,785 (-246)
- Closed Sales: 2,747 (-203)
- Inventory: 3.2 (+0.2)
- Total Market Time: 52 (+5)
- Average Sale Price: $534,400 (-$1,900)
- Median Sale Price: $475,000 (-$8,000)
WASHINGTON
- New Listings: 787 (-39)
- Active Listings: 1,702 (+27)
- Pending Sales: 584 (+1)
- Closed Sales: 575 (-36)
- Inventory 3.0 (+0.2)
- Total Market Time: 44 (+4)
- Average Sale Price: $551,800 (-$100)
- Median Sale Price: $490,000 (-$5,000)
SPIKES
- Mid-Columbia
- Total Market Time spiked upwards from 57 in September to 97 in October 2023
- Baker
- Pending Sales spiked upwards from 18 in September to 26 in October 2023
- Total Market Time as spiked downwards from 119 in September to 64 in October 2023
- Union
- Total Market Time spiked upwards from 19 in September to 38 in October 2023
- Wallowa
- New Listings spiked downwards from 14 in September to 6 in October 2023
- Pending Sales spiked downwards from 11 in September to 4 in October 2023
- Median Sale Price spiked downwards from $505,000 in September to $287,000 in October 2023.
STREAKS
- Portland Metro
- Pending Sales are on a 5-month downward streak. Down to 1,625 in October 2023
- SW Washington
- Active Listings are on a 7-month downward streak. Down to 1,225 in October 2023
- New Listings are on a 4-month downward streak. Down to 601 in October 2023
- Lane
- Inventory is on a 4-month upward streak. Reaching 2.5 in October 2023
- North Coastal
- New Listings are on a 5-month decrease streak. Down to 133 in October 2023
- Douglas
- Inventory is on a 4-month upward streak. Reaching 4.2 in October 2023
MILESTONES
- Portland Metro
- Active Listings decreased for the first time since February 2023. At 4,848 in October 2023
- Lane County
- Active Listings decreased for the first time since February 2023. At 736 in October 2023
- Polk and Marion
- Active Listings decreased for the first time since April 2023. At 519 in October 2023
NEW GROWTH
- Portland Metro: 369 (+46)
- SW Washington: 121 (+5)
- Lane County: 34 (-50)