What season is it? Is it the season of rising inventory or the season of plateauing prices? Our latest episode breaks down the real estate weather in the Pacific Northwest, gives a ‘reaction’ impression to the design concept work for the new RMLSweb site, and teases our upcoming VIDEO version of Real Talk! Tune in now.
Listen to Real Talk with RMLS – now on Spotify.
Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – FEBRUARY 2024 STATISTICAL HIGHLIGHTS
The numbers in parentheses show the difference from the previous month.
OREGON
- New Listings: 3,409 (+345)
- Active Listings: 6,723 (+84)
- Pending Sales: 2,937 (+455)
- Closed Sales: 2,165 (+318)
- Inventory: 3.1 (-0.5)
- Total Market Time: 88 (+14)
- Average Sale Price: $523,900 (+$6,200)
- Median Sale Price: $478,400 (+$11,400)
WASHINGTON
- New Listings: 743 (+92)
- Active Listings: 1,328 (-2)
- Pending Sales: 697 (+142)
- Closed Sales: 517 (+124)
- Inventory 2.6 (-0.8)
- Total Market Time: 77 (+13)
- Average Sale Price: $535,700 (-$1,200)
- Median Sale Price: $489,600 (+$9,800)
SPIKES
- Baker
- Total Market Time spiked downwards from 35 in January to 62 in February 2024
- Columbia Basin
- Total Market Time spiked upwards from 65 in January to 94 in February 2024
- Douglas
- Pending Sales spiked upwards from 100 in January to 140 in February 2024
- Grant
- New Listings spiked downwards from 9 in January to 2 in February 2024
- Pending Sales spiked downwards from 10 in January to 1 in February 2024
- Closed Sales spiked upwards from 1 in January to 9 in February 2024
- Josephine
- Average Sale Price spiked upwards from 2 in January to 7 in February 2024
- Mid-Columbia
- New Listings spiked upwards from 40 in January to 59 in February 2024
- North Coastal
- New Listings spiked upwards from 101 in January to 148 in February 2024
- Union
- Average Sale Price spiked upwards from $249,400 in January to $499,200 in February 2024
STREAKS
- Douglas
- Active Listings are on a 5-month downward streak down to 293 in February 2024
- Lane
- Active Listings are on a 5-month downward streak down to 541 in February 2024
- Mid-Columbia
- Active Listings are on a 6-month downward streak down to 194 in February 2024
- Polk and Marion
- Active Listings are on a 5-month downward streak down to 412 in February 2024
- Portland Metro
- Total Market Time is on a 7-month upward streak up to 89 in February 2024
MILESTONES
- Coos
- Total Market Time at its highest point since September 2020 at 94 in February 2024
- Lane
- Total Market Time at its highest point since December 2016 at 76 in February 2024
- Portland Metro
- Total Market Time at its highest point since February 2014 at 89 in February 2024
- SW Washington
- Total Market Time at its highest point since January 2020 at 77 in February 2024
NEW GROWTH
- Portland Metro: 283 (+30)
- SW Washington: 163 (-20)
- Lane County: 23 (+2)