This month not only do we deliver the stats, spikes, streaks, and record breakers that May brought us, we take a look at how the market compares to May of 2022. How different is today’s market?

We’ve also got RMLS updates (featuring some spiffy new RPR charts that are coming out soon), dad-jokes, and a breakdown of the current price of cardboard by an economist and how that might give insight into the current housing market (?!? – yes, really!).

Tune in now!

Listen to Real Talk with RMLS – now on Spotify!

Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)

REAL TALK WITH RMLS – MAY 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 5,240 (+1,008).
• Active Listings: 7,092 (+1,130)
• Pending Sales: 3,841 (+318)
• Closed Sales: 3,197 (+469)
• Inventory 2.2 (-)
• TMT: 46 (-7)
• Avg Sale Price: $561,200 (+$17,300)
• Med Sale Price: $499,000 (+$19,000)

WASHINGTON

• New Listings: 1,135 (+354)
• Active Listings: 1,307 (+312)
• Pending Sales: 768 (+16)
• Closed Sales: 671 (+92)
• Inventory 1.9 (+0.2)
• TMT: 43 (-4)
• Avg Sale Price: $561,400 (+$16,600)
• Med Sale Price: $519,500 (+$24,500)

 SPIKES

• Baker
  • Closed Sales increase from 18 to 27 in May 2023
• Douglas
  • Closed Sales increase from 83 to 124 in May 2023
• Mid-Columbia
  • New Listings increase from 94 to 143 in May 2023
    

STREAKS

• Baker
  • New Listings 4-month increase streak. Up to 28 in May 2023
  • Closed Sales Increase Streak. Up to 27 in May 2023
• Curry
  • Active Listings 4-month increase streak. Up to 181 in May 2023
  • New Listings 4-month increase streak. Up to 75 in May 2023
• North Coastal
  • Active Listings 4-month increase streak. Up to 453 in May 2023

 MILESTONES

• Curry County
  • Active Listings at highest point since July 2020. Active listings at 181 in May 2023
• Portland Metro
  • Total Active Listings back above 5,046 since falling below in December 2022
• SW Washington
  • Average Sold Price change positive for the first time since August 2022

RECORD BREAKERS

• Lane County
  • All-Time Highest average sale price at $497,800 in May 2023
    

NEW GROWTH

• Portland Metro: 334 (+16)
• SW Washington 117 (+26)
• Lane County: 19 (+4)