Come sail the waters of the Pacific Northwest real estate market with us! The feared possibility of a recession isn’t here yet, but affordability of homes remains a significant obstacle in the course ahead.
How are the June stats stacking up against last month and last year? Which categories continue to trend higher? What milestones are we reaching? Tune in to find out.
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REAL TALK WITH RMLS – JUNE 2023 STATISTICAL HIGHLIGHTS
OREGON
- New Listings: 5,482 (+242)
- Active Listings: 7,874 (+782)
- Pending Sales: 3,768 (-73)
- Closed Sales: 3,460 (+263)
- Inventory 2.3 (+0.1)
- TMT: 42 (-4)
- Avg Sale Price: $560,200 (-$1,000)
- Med Sale Price: $499,900 (+$900)
WASHINGTON
- New Listings: 1,120 (-15)
- Active Listings: 1,484 (+177)
- Pending Sales: 801 (+33)
- Closed Sales: 676 (+5)
- Inventory 1.9 (-)
- TMT: 36 (-7)
- Avg Sale Price: $589,000 (+$27,600)
- Med Sale Price: $530,000 (+$10,500)
SPIKES
- Baker
- Closed Sales dropped from 27 to 13 in June 2023
- Curry
- Days on Market increased from 74 to 108 in June 2023
STREAKS
- Baker County
- New Listings are on a 5-month upward streak, reaching 34 in June 2023
- Curry County
- Active Counts are on a 5-month upward streak, reaching 196 in June 2023
- Pending Sales are on a 5-month upward streak, reaching 57 in June 2023
- Mid-Columbia
- Active Counts are on a 4-month upward streak, reaching 263 in June 2023
- North-Coastal
- Active Counts are on a 4-month upward streak, reaching 529 in June 2023
- Polk and Marion
- Pending Sales are on a 4-month upward streak, reaching 255 in June 2023
- Portland Metro
- Active Counts are on a 4-month upward streak, reaching 4,125 in June 2023
- New Listings are on a 4-month upward streak, reaching 3,298 in June 2023
- Days on Market is on a 4-month downward streak, dropping to 33 in June 2023
- SW Washington
- Days on Market is on a 4-month downward streak, dropping to 33 in June 2023
MILESTONES
- Portland Metro
- Highest Average Sale Price since July 2022, up to $626,800 in June 2023
- SW Washington
- Average Sale Price is back above $600,000 for the first time since August 2022, up to $615,200 in June 2023.
NEW GROWTH
- Portland Metro: 321 (-13)
- SW Washington 102 (-15)
- Lane County: 23 (+4)