Time to listen to the January real estate beat! Our podcasting MCs Terry and Beth are back to guide you through the notable trends and standout data points you want to know about from the January market. Inventory counts will rise, affordability levels will plateau, and Aligned Showings updates will dominate! Tune in for what might be the best 15 minutes of your month!
Listen to Real Talk with RMLS – now on Spotify.
Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – JANUARY 2024 STATISTICAL HIGHLIGHTS
The numbers in parentheses show the difference from the previous month.
OREGON
- New Listings: 3,064 (+1,257)
- Active Listings: 6,639 (-302)
- Pending Sales: 2,482 (+350)
- Closed Sales: 1,847 (-322)
- Inventory: 3.6 (+0.4)
- TMT: 73 (+10)
- Avg Sale Price: $517,700 (-$8,200)
- Median Sale Price: $467,100 (+$2,100)
WASHINGTON
- New Listings: 651 (+245)
- Active Listings: 1,330 (-62)
- Pending Sales: 555 (+70)
- Closed Sales: 393 (-85)
- Inventory 3.4 (+0.5)
- TMT: 64 (+9)
- Avg Sale Price: $536,900 (-$32,100)
- Med Sale Price: $480,000 (-$19,100)
SPIKES
- Baker
- New Listings spiked upwards from 10 in December 2023 to 22 in January 2024
- Coos
- New Listings spiked upwards from 59 in December 2023 to 83 in January 2024
- Curry
- New Listings spiked upwards from 19 in December 2023 to 45 in January 2024
- Grant
- Inventory spiked upwards from 7.8 in December 2023 to 43.0 in January 2024
- Average Sale Price spiked downward from $443,100 in December 2023 to $185,000 in January 2024
- Closed Sales spiked downward from 6 in December 2023 to 1 in January 2024
- Lane
- New Listings spiked upward from 177 in December 2023 to 283 in January 2024
- Polk and Marion
- New Listings spiked upwards from 136 in December 2023 to 200 in January 2024
- Portland Metro
- New Listings spiked upwards from 1,026 in December 2023 to 1,941 in January 2024
- SW Washington
- New Listings spiked upwards from 313 in December 2023 to 547 in January 2024
- Union
- New Listings spiked upwards from 13 in December 2023 to 24 in January 2024
STREAKS
- Columbia Basin
- New Listings are on a 5-month downward streak. Down to 60 in January 2024
- North Coastal
- Active Listings are on a 5-month decrease streak. Down to 388 in January 2024
- Closed Sales are on a 5-month decrease streak. Down to 75 in January 2024
- Portland Metro
- Closed Sales are on a 5-month decline streak. Down to 1,120 in January 2024
- SW Washington
- Total Market Time is on a 7-month increase streak. Up to 64 in January 2024
- Union
- Inventory is on a 7-month increase streak. Up to 5.3 in January 2024
MILESTONES
- North Coastal
- New Listings increased for the first time since May 2023. At 101 in January 2024
- Polk and Marion
- Closed Sales at lowest point since February 2018. At 122 in January 2024
- Wallowa
- Closed Sales at the lowest point since March 2010. At 0 in January 2024
NEW GROWTH
- Portland Metro: 313 (-5)
- SW Washington: 143 (+27)
- Lane County: 21 (-2)
AFFORDABILITY
- Portland Metro: 83%
- SW Washington: 85%
- Lane County: 82%