As we start off the new year, our hosts consider their resolutions as they break down the market stats that closed out 2023. Did the surprising highs in inventory continue? Did Douglas County have the lowest number of new listings since December 2012 ? (Yes!) Did the annual sales volume for Portland Metro exceed last year? You’ll need to tune in to find out.
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REAL TALK WITH RMLS – DECEMBER 2023 STATISTICAL HIGHLIGHTS
The numbers in parentheses show the difference from the previous month, except for the Annual Sales Volume figures, which show the difference from 2022 totals.
OREGON
- New Listings: 1,807 (-1,169)
- Active Listings: 6,941 (-1,509)
- Pending Sales: 2,132 (-241)
- Closed Sales: 2,169 (-120)
- Inventory: 3.2 (-0.5)
- TMT: 63 (+4)
- Average Sale Price: $525,900 (-$10,400)
- Median Sale Price: $465,000 (-$10,000)
WASHINGTON
- New Listings: 406 (-210)
- Active Listings: 1,392 (-268)
- Pending Sales: 485 (+9)
- Closed Sales: 478 (+23)
- Inventory 2.9 (-0.8)
- TMT: 55 (-4)
- Average Sale Price: $569,000 (+$29,100)
- Median Sale Price: $499,000 (+$24,000)
SPIKES
- Baker
- New Listings spiked downwards from 23 in November to 10 in December 2023.
- Coos
- Total Market Time spiked upwards from 55 in November to 85 in December 2023.
- Grant
- New Listings spiked upwards from 4 in November to 11 in December 2023.
- Closed Sales spiked upwards from 1 in November to 6 in December 2023.
- Josephine
- New Listings spiked downwards from 7 in November to 2 in December 2023.
- Lane
- New Listings spiked downwards from 313 in November to 177 in December 2023.
- Portland Metro
- New Listings spiked downwards from 1828 in November to 1026 in December 2023.
STREAKS
- Columbia Basin
- New Listings are on a 4-month downward streak. Down to 63 in December 2023.
- Curry
- New Listings are on a 7-month downward streak. Down to 19 in December 2023.
- Lane
- Closed Sales are on a 4-month downward streak. Down to 215 in December 2023.
- New Listings are on a 4-month downward streak. Down to 177 in December 2023.
- Pending Sales are on a 5-month downward streak. Down to 208 in December 2023.
- Mid-Columbia
- Active Listings are on a 4-month downward streak. Down to 214 in December 2023.
- Pending Sales are on a 5-month downward streak. Down to 42 in December 2023.
- North Coastal
- New Listings are on a 7-month downward streak. Down to 77 in December 2023.
- Portland Metro
- Pending Sales are on a 7-month downward streak. Down to 1,309 in December 2023.
- New Sales are on a 4-month downward streak. Down to 1,026 in December 2023.
MILESTONES
- Douglas
- Highest Inventory since January 2019. At 4.6 in December 2023.
- Lowest New Listings since December 2012. At 80 in December 2023.
- Lowest Closed Sales since January 2015. At 74 in December 2023.
- Polk and Marion
- Highest Inventory since March 2023. At 3.5 in December 2023.
- SW Washington
- Active Listings decreased for the first time in 8 months. Down to 1,011 in December 2023.
NEW GROWTH
- Portland Metro: 318 (-48)
- SW Washington: 116 (-8)
- Lane County: 23 (-10)
ANNUAL SALES VOLUME
- Portland Metro: $12,552,000 (-$4,621,000)
- SW Washington $3,381,000 (-$2,022,000)
- Lane County: $1,832,000 (-$556,000)