This month’s episode launches the slow and steady climb upward into the typically high summer numbers; discusses the NAR settlement compliance deadline; gives insight into Year-to-Date comparisons; and tells you which records were broken in North Coastal Counties and SW Washington!
Listen to the latest REAL TALK.
Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – MAY 2024 STATISTICAL HIGHLIGHTS
OREGON May 2024 vs April 2024
- New Listings: 5,703 (+569)
- Active Listings: 9,221 (+780)
- Pending Sales: 3,834 (+80)
- Closed Sales: 3,456 (+474)
- Inventory: 2.7 (-0.2)
- Total Market Time: 80 (-1)
- Average Sale Price: $576,300 (+$19,400)
- Median Sale Price: $510,000 (+$17,100)
OREGON May 2023 vs May 2024
- New Listings: 5,703 (+463)
- Active Listings: 9,221 (+2,129)
- Pending Sales: 3,834 (-7)
- Closed Sales: 3,456 (+260)
- Inventory: 2.7 (+0.4)
- Total Market Time: 80 (+34)
- Average Sale Price: $576,300 (+$15,100)
- Median Sale Price: $510,000 (+$11,000)
WASHINGTON March 2024 vs February 2024
- New Listings: 1,223 (+170)
- Active Listings: 1,904 (+150)
- Pending Sales: 820 (+35)
- Closed Sales: 720 (+69)
- Inventory 2.6 (0.0)
- Total Market Time: 97 (-5)
- Average Sale Price: $596,900 (+$19,600)
- Median Sale Price: $520,000 (-$2,250)
WASHINGTON May 2023 vs May 2024
- New Listings: 1,223 (+88)
- Active Listings: 1,904 (+597)
- Pending Sales: 820 (+52)
- Closed Sales: 720 (+49)
- Inventory 2.6 (+0.7)
- Total Market Time: 97 (+53)
- Average Sale Price: $596,900 (+$35,500)
- Median Sale Price: $520,000 (-$550)
SPIKES
- Baker
- Total Market Time spiked upwards from 76 in April to 109 in May 2024
- Curry
- Total Market Time spiked downwards from 158 in April to 80 in May 2024
- Grant
- Closed Sales spiked upwards from 2 in April to 6 in May 2024
- Josephine
- New Listings spiked downwards from 19 in April to 11 in May 2024
STREAKS
- Columbia Basin
- New Listings are on a 4-month increase streak, up to 121 in May 2024
- Closed Sales are on a 4-month increase streak, up to 72 in May 2024
- Coos County
- Pending Sales are on a 4-month increase streak, up to 96 in May 2024
- Curry County
- Active Listings are on a 4-month increase, up to 245 in May 2024
- Lane County
- New Listings are on a 5-month increase, up to 531 in May 2024
- Pending Sales are on a 5-month increase, up to 390 in May 2024
- Mid-Columbia
- Total Market Time is on a 4-month decrease streak, down to 72 in May 2024
- Polk and Marion
- Closed Sales are on a 4-month increase streak, up to 212 in May 2024
- Portland Metro
- New Listings are on a 4-month increase streak, up to 3,508 to in May 2024
- Pending Sales are on a 4-month increase streak, up to 2,363 to in May 2024
- Closed Sales are on a 4-month increase streak, up to 2,140 in May 2024
- SW Washington
- Closed Sales are on a 4-month increase streak, up to 556 in May 2024
MILESTONES
- Josephine
- Active Listings at its highest point (46) since September 2015
- Mid-Columbia
- Active listings at its highest point (315) since October 2019
- North Coastal
- Active listings at its highest point (629) since October 2019
- Portland Metro
- Active Listings at its highest point (5,009) since November 2018
- SW Washington
- Active Listings at its highest point (1,423) since November 2019
Record Breakers
- North Coastal
- Median Sale Price at an all-time high ($530,000) in May 2024
- SW Washington
- Median Sale Price at an all-time high ($542,300) in May 2024
NEW GROWTH
- Portland Metro: 303 (+21)
- SW Washington: 171 (+9)
- Lane County: 9 (-4)