Want to make sense of the mixed up market? Let Beth and John give you the 10-minute breakdown of which January stats kept spiking, which ones plunged, and where the trends are taking us.
Also: Beth highlights the new Broadband Reports available on RMLSweb listings and our brand new Market Action report, and John says a tearful goodbye in roughly 50 different languages. Don’t miss it!
Don’t forget to subscribe to Real Talk with RMLS on Apple Podcasts or Google Podcasts!
Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – JANUARY 2023 STATISTICAL HIGHLIGHTS
OREGON
- New Listings: 3,131 (+1,218)
- Active Listings: 5,601 (-747)
- Closed Sales: 1,817 (+546)
- Inventory 3.1 (+0.4)
- TMT: 66 (+9)
- Avg Sale Price: $492,300 (-$23,300)
- Med Sale Price: $440,500 (-$19,500)
WASHINGTON
- New Listings: 673 (+198)
- Active Listings: 1,066 (-177)
- Closed Sales: 409 (-135)
- Inventory 2.6 (+0.3)
- TMT: 59 (+6)
- Avg Sale Price: $523,000 (+9,600)
- Med Sale Price: $475,000 (+$11,000)
SPIKES
- Baker County
- Total Market Time increased 39 spots from 47 in December 2022 to 86 in January 2023.
- Columbia Basin
- Pending Sales increased a total of 24 from 44 in December 2022 to 68 in January 2023.
- Coos County
- New Listings increased from 51 in December 2022 to 84 in January 2023, a +33 jump.
- Lane County
- New Listings increased from 175 in December 2022 to 303 in January 2023, an increase of 128.
- Mid-Columbia
- New Listings went from 33 in December 2022 to 58 in January 2023 (+25).
- North Coastal
- Pending Sales increased 42 spots from 80 in December 2022 to 122 in January 2023.
- Portland Metro
- New Listings almost doubled, going from 1,073 in December 2022 to 1,938 in January 2023.
STREAKS
- Lane County
- Total Market Time increased for the seventh month coming in at 50 in January 2023.
- Polk and Marion
- Closed sales were down for the fifth month, dropping to 151 in January 2023.
- Portland Metro
- Active Listings were down for the fourth month, reaching 2,953 in January 2023.
- Closed Sales were also down for the fourth month, dropping to 1,088 in January 2023.
- SW Washington
- Closed Sales continued a five-month decrease, coming in at 317 in January 2023.
MILESTONES
- Baker County
- Lowest Closed Sales count since April 2011, reaching 6 in January 2023.
- Grant County
- Lowest Closed Sales on record, with zero sales in January 2023.
NEW GROWTH
- Portland Metro: 286 (-52)
- SW Washington 99 (-18)
- Lane County: 22 (-9)