As Holiday season starts, we explore the October market, how we factor in subscriber input for decision making, and we tease a new Real Talk format in the next episode.
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 – OCTOBER 2024 STATISTICAL HIGHLIGHTS
OREGON October 2024 vs September 2024
- New Listings: 3,912 (-294)
- Active Listings: 10,434 (-413)
- Pending Sales: 3,391 (-103)
- Closed Sales: 3,236 (+363)
- Inventory: 3.2 (-0.6)
- Total Market Time: 64 (+5)
- Average Sale Price: $550,700 (-$3,800)
- Median Sale Price: $495,000 (no change)
OREGON October 2024 vs October 2023
- New Listings: 3,912 (+280)
- Active Listings: 10,434 (+1,589)
- Pending Sales: 3,391 (+606)
- Closed Sales: 3,236 (+489)
- Inventory: 3.2 (no change)
- Total Market Time: 64 (+11)
- Average Sale Price: $550,700 (+$16,300)
- Median Sale Price: $495,000 (+$20,000)
WASHINGTON October 2024 vs September 2024
- New Listings: 857 (-6)
- Active Listings: 2,107 (-99)
- Pending Sales: 712 (-41)
- Closed Sales: 698 (+92)
- Inventory: 3.0 (-0.6)
- Total Market Time: 64 (+8)
- Average Sale Price: $599,600 (+$21,400)
- Median Sale Price: $545,300 (+$23,500)
WASHINGTON October 2024 vs October 2023
- New Listings: 857 (+70)
- Active Listings: 2,107 (+405)
- Pending Sales: 712 (+128)
- Closed Sales: 698 (+123)
- Inventory: 3.0 (+0.1)
- Total Market Time: 64 (+20)
- Average Sale Price: $599,600 (+$47,800)
- Median Sale Price: $545,300 (+$55,300)
SPIKES
- Coos
- Average Square Footage spiked downwards from 1703 in September to 1414
- Mid-Columbia
- Closed Sales spiked upwards from 51 in September to 86
- Portland Metro
- Closed Sales spiked upwards from 1702 in September to 1975
STREAKS
- Coos
- Active Listings are on a 4-month decrease streak, down to 307
- Lane (Florence)
- New Listings are on a 4-month decrease streak, down to 41
- Portland Metro
- Average Total Market Time is on a 4-month increase streak, up to 57
- SW Washington
- Average Total Market Time is on a 5-month increase streak, up to 63
MILESTONES
- Grant
- Pending Sales at its highest point (11) since July 2023
- Average Sold Price Change at its lowest point (-9%) since December 2023
- Josephine
- Pending Sales at its lowest point (3) since December 2023
NEW CONSTRUCTION
- Portland Metro: 282 (-68)
- SW Washington: 182 (+42)
- Lane County: 28 (+1)