We welcome new cohost Terry Romel to the podcast and then dive into the February stats. Inventory took a plunge while Time on Market and Closed Sales were up. Beth and Terry give you the trends, interesting outliers, and all the RMLS updates you need.
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Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – FEBRUARY 2023 STATISTICAL HIGHLIGHTS
OREGON
- New Listings: 2,942 (-189)
- Active Listings: 5,401 (-200)
- Closed Sales: 2,315 (+498)
- Inventory 2.3 (-0.8)
- TMT: 71 (+5)
- Avg Sale Price: $515,000 (+$22,700)
- Med Sale Price: $465,000 (+$24,500)
WASHINGTON
- New Listings: 582 (-91)
- Active Listings: 967 (-99)
- Closed Sales: 519 (+110)
- Inventory 1.9 (-0.7)
- TMT: 73 (+14)
- Avg Sale Price: $522,800 (-$200)
- Med Sale Price: $489,900 (+$14,900)
SPIKES
- North Coastal
- Closed Sales increased from 71 in January 2023 to 100 in February 2023.
- Polk and Marion
- Total Market Time dropped down from 75 in January 2023 to 55 in February 2023.
- Portland Metro
- Closed Sales increased from 1,088 in January 2023 to 1434 in February 2023.
STREAKS
- Columbia Basin
- Active Listings are on 4-month downward streak, down to 189 in February 2023.
- Closed Sales continued a 5-month decrease streak: coming in at 39 in February 2023.
- Curry
- Closed Sales are also on a 5-month streak downward, down to 16 in February 2023.
- Douglas
- Active Listings are on a 4-month streak down, coming in at 309 in February 2023.
- Mid-Columbia
- Total Market Time was up for the fourth month, reaching 95 in February 2023.
RECORD BREAKERS
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Josephine
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Closed Sales hit an all-time low with 0 in February 2023.
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NEW GROWTH
- Portland Metro: 265 (-21)
- SW Washington 110 (+11)
- Lane County: 29 (+7)