Big changes are coming in August! CEO and President Kurt von Wasmuth is on hand to discuss what’s in store for RMLS with settlement-related updates. Then Terry & Beth read the tea leaves from the latest market stats, and our Statistical Specialist breaks down New Listings & Pending Sales for you.
Listen to the latest REAL TALK. Also available on Spotify, Apple Podcasts, and on YouTube.
Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – JUNE 2024 STATISTICAL HIGHLIGHTS
OREGON June 2024 vs May 2024
- New Listings: 5,102 (-601)
- Active Listings: 10,116 (+895)
- Pending Sales: 3,575 (-259)
- Closed Sales: 3,330 (-127)
- Inventory: 3.0 (+0.4)
- Total Market Time: 50 (-1)
- Average Sale Price: $579,000 (+$2,700)
- Median Sale Price: $512,000 (+$2,00)
OREGON June 2024 vs June 2023
- New Listings: 5,102 (-380)
- Active Listings: 10,116 (+2,242)
- Pending Sales: 3,575 (-193)
- Closed Sales: 3,330 (-130)
- Inventory: 3.0 (+0.8)
- Total Market Time: 50 (+8)
- Average Sale Price: $579,000 (+$18,800)
- Median Sale Price: $512,000 (+$12,100)
WASHINGTON June 2024 vs May 2024
- New Listings: 1,087 (-136)
- Active Listings: 2,049 (+145)
- Pending Sales: 810 (-10)
- Closed Sales: 715 (-5)
- Inventory 2.9 (+0.2)
- Total Market Time: 46 (-6)
- Average Sale Price: $589,900 (-$7,000)
- Median Sale Price: $510,000 (-$10,000)
WASHINGTON June 2024 vs June 2023
- New Listings: 1,087 (-33)
- Active Listings: 2,049 (+565)
- Pending Sales: 810 (+9)
- Closed Sales: 715 (+39)
- Inventory 2.9 (+0.7)
- Total Market Time: 46 (+10)
- Average Sale Price: $589,900 (+$900)
- Median Sale Price: $510,000 (-$20,000)
SPIKES
- Columbia Basin
- New Listings spiked downwards from 121 in May to 72 in June 2024
- Coos
- Total Market Time spiked upwards from 54 in May to 87 in June 2024
- Grant
- Total Market Time spiked downwards from 123 in May to 67 in June 2024
- Josephine
- Total Market Time spiked downwards from 71 in May to 8 in June 2024
- Closed Sales spiked upwards from 20 in May to 31 in June 2024
STREAKS
- Columbia Basin
- New Listings are on a 4-month increase streak, up to 121 in June 2024
- Coos
- Active Listings are on a 4-month increase streak, up to 358 in June 2024
- New Listings are on a 4-month increase streak, up to 165 in June 2024
- Curry
- Active Listings are on a 6-month increase streak, up to 252 in June 2024
- Douglas
- Active Listings are on a 4-month increase streak, up to 442 in June 2024
- Josephine
- Active Listings are on a 4-month increase streak, up to 50 in June 2024
- Lane
- Active Listings are on a 4-month increase streak, up to 830 in June 2024
- Mid-Columbia
- Active Listings are on a 4-month increase streak, up to 375 in June 2024
- North Coastal
- Active Listings are on a 5-month increase streak, up to 676 in June 2024
MILESTONES
- Josephine
- Active Listings at its highest point (50) since September 2015
- Lane
- Active Listings at its highest point (830) since September 2015
- Mid-Columbia
- Active Listings at its highest point (375) since September 2019
- North Coastal
- Active Listings at its highest point (676) since October 2019
- Polk and Marion
- Active Listings at its highest point (611) since October 2019
- Portland Metro
- Active Listings at its highest point (5,494) since October 2019
- Average Sale Price at its highest point ($636,200) since May 2022
- SW Washington
- Active Listings at its highest point (1,529) since October 2019
Record Breakers
- Columbia Basin
- Median Sale Price is at an all-time high ($341,300) in June 2024
- Mid-Columbia
- Median Sale Price is at an all-time high ($550,000) in June 2024
NEW GROWTH
- Portland Metro: 295 (-8)
- SW Washington: 162 (-9)
- Lane County: 21 (+12)