Halloween season is one of frights and delights…so which way is the market trending? Also, a reminder about the changes affecting the refreshing of listings and Remarks fields, a thank you for survey participation, and one of our hosts has a special announcement.
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 – SEPTEMBER 2024 STATISTICAL HIGHLIGHTS
OREGON September 2024 vs August 2024
- New Listings: 4,206 (-392)
- Active Listings: 10,847 (-72)
- Pending Sales: 3,494 (-18)
- Closed Sales: 2,873 (-440)
- Inventory: 3.8 (+0.5)
- Total Market Time: 59 (+8)
- Average Sale Price: $554,500 (+$1,400)
- Median Sale Price: $495,000 (no change)
OREGON September 2024 vs September 2023
- New Listings: 4,206 (-196)
- Active Listings: 10,847 (+1,794)
- Pending Sales: 3,494 (+463)
- Closed Sales: 2,873 (-77)
- Inventory: 3.8 (+0.7)
- Total Market Time: 59 (+12)
- Average Sale Price: $554,500 (+$18,200)
- Median Sale Price: $495,000 (+$12,000)
WASHINGTON September 2024 vs August 2024
- New Listings: 863 (-106)
- Active Listings: 2,206 (no change)
- Pending Sales: 753 (+39)
- Closed Sales: 606 (-122)
- Inventory: 3.6 (+0.6)
- Total Market Time: 56 (+9)
- Average Sale Price: $578,200 (+$2,400)
- Median Sale Price: $521,800 (no change)
WASHINGTON September 2024 vs September 2023
- New Listings: 863 (+37)
- Active Listings: 2,206 (+531)
- Pending Sales: 753 (+170)
- Closed Sales: 606 (-5)
- Inventory: 3.6 (+0.9)
- Total Market Time: 56 (+16)
- Average Sale Price: $578,200 (+$26,300)
- Median Sale Price: $521,800 (+$26,800)
SPIKES
- Curry
- Total Market Time spiked upwards from 95 in August to 163 in September 2024.
STREAKS
- Baker
- Active Listings are on a 5-month increase streak, up to 118 in September 2024
- Curry
- Active Listings are on a 4-month decrease streak, down to 40 in September 2024
- Douglas
- New Listings are on a 4-month decrease streak, down to 157 in September 2024
- Josephine
- Active Listings are on a 4-month decrease streak, down to 34 in September 2024
- Wallowa
- Pending Sales are on a 4-month increase streak, up to 15 in September 2024
MILESTONES
- Baker
- Active Listings at its highest point (118) since October 2017
- Grant
- Active Listings at its highest point (60) since January 2019
- Lane
- Active Listings at its highest point (938) since September 2018
NEW CONSTRUCTION
- Portland Metro: 350 (+52)
- SW Washington: 140 (-43)
- Lane County: 27 (+3)
AFFORDABILITY
- Portland Metro: 89% (+9.9%)
- SW Washington: 87% (+1%)
- Lane County: 84% (-7.7%)